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An update from 22nd Century ( (XXII) ) is now available.
On April 17, 2025, 22nd Century Group, Inc. announced a settlement agreement to resolve shareholder derivative actions related to allegations of a paid stock promotion scheme and misleading public statements. The settlement, pending court approval, includes a payment of $768,333 to plaintiffs’ attorneys and the implementation of corporate governance practices for five years. The settlement does not admit liability, and defendants deny any wrongdoing. This resolution aims to avoid further litigation costs and provides benefits to the company and its shareholders.
Spark’s Take on XXII Stock
According to Spark, TipRanks’ AI Analyst, XXII is a Underperform.
22nd Century Group faces substantial risks due to ongoing financial struggles, poor valuation metrics, and negative market sentiment. Despite strategic moves towards restructuring and profitability, persistent losses and dependency on financing weigh heavily on the overall stock score.
To see Spark’s full report on XXII stock, click here.
More about 22nd Century
YTD Price Performance: -86.48%
Average Trading Volume: 621,598
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.96M
See more insights into XXII stock on TipRanks’ Stock Analysis page.