22nd Century Modifies Securities Purchase Agreement

The latest update is out from 22nd Century ( (XXII) ).

On May 22, 2025, 22nd Century Group, Inc. announced a modification to its Securities Purchase Agreement and debentures with JGB Partners and related entities, allowing for a potential reset of the Conversion Price, contingent upon stockholder approval. This move, aimed at financial restructuring, involves resetting the Conversion Price to the average of the daily VWAPs of the preceding five Nasdaq trading days, not exceeding the current $6.04, with $3.8M in Debentures outstanding. Additionally, Anthony Johnson, a Director of the Company, resigned effective July 15, 2025, with his departure unrelated to any conflicts with the company.

Spark’s Take on XXII Stock

According to Spark, TipRanks’ AI Analyst, XXII is a Neutral.

22nd Century is currently under significant financial pressure, with declining revenues and persistent losses impacting its financial health. Technical indicators suggest a bearish trend, though some stabilization is present. The company’s valuation remains unattractive due to negative earnings. Recent earnings call highlights show progress in revenue growth and operational efficiency, yet challenges in profitability and share dilution remain critical issues.

To see Spark’s full report on XXII stock, click here.

More about 22nd Century

Average Trading Volume: 740,935

Technical Sentiment Signal: Strong Sell

Current Market Cap: $6.62M

See more data about XXII stock on TipRanks’ Stock Analysis page.