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Midas Edge

22nd Century Group, Inc.

For the period ended Dec 31, 2024. Filed Mar 20, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 20, 2025

XXII$1.63+5.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Changes in Shareholders’ Equity

​​
22nd CENTURY GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
(amounts in thousands, except share amounts)​
​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​
​Years Ended December 31, 2024 and 2023
​ · ​ · Common · ​ · Par Value · ​ · Capital in · ​ · Other · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ · Shares · ​ · of Common · ​ · Excess of · ​ · Comprehensive · ​ · Accumulated · ​ · Shareholders'
​ · Outstanding · Shares · Par Value · Income (Loss) · Deficit · Equity
Balance at January 1, 20236,389​$—​$333,900​$(111)​$(237,814)​$95,975
Stock issued in connection with RSU vesting, net of shares withheld for taxes58​—​(419)​​—​—​(419)
Stock issued in connection with acquisition​15​—​503​​—​—​503
Stock issued in connection with ATM, net of fees of $178​144​—​2,563​​—​—​2,563
Stock issued in connection with licensing arrangement​155​​—​3,570​​—​—​3,570
Stock issued in connection with capital raises, net of issuance costs of $2,279​6,646​​—​22,880​​—​—​22,880
Stock issued in connection with warrant exercises, net of fees of $292​6,875​​—​3,044​​—​—​3,044
Equity detachable warrants​—​​—​​1,577​​—​​—​​1,577
Adoption of ASU 2016-13​—​​—​​—​​—​​(118)​​(118)
Fractional shares issued for reverse stock split​31​​—​​—​​—​​—​​—
Equity-based compensation​—​—​2,679​​—​—​2,679
Other comprehensive income—​—​—​​111​—​111
Net loss—​—​—​​—​(140,775)​(140,775)
Balance at December 31, 202320,313​$—​$370,297​$—​$(378,707)​$(8,410)
Stock issued in connection with RSU vesting, net of 3 shares withheld for taxes29​—​(1)​​—​—​(1)
Stock issued in connection with licensing arrangement​2,679​—​200​​—​—​200
Stock issued in connection with warrant exercises, net of fees of $261​362,762​—​3,354​​—​—​3,354
Stock issued in connection with Reg A Private Placement, net of issuance costs of $332​72,002​​—​5,208​​—​—​5,208
Stock issued in connection with capital raises, net of issuance costs of $713​105,502​​—​9,879​​—​—​9,879
Stock issued upon conversion of Senior Secured Credit Facility​14,928​​—​3,084​​—​—​3,084
Stock issued in connection with settled indebtedness​15,720​​—​​1,617​​—​—​1,617
Stock issued for extinguishment of Subordinated Note (1)​8,519​​—​​3,864​​—​—​3,864
Reclass of conversion option​—​​—​​1​​—​—​1
Fractional shares issued for reverse stock split​127,694​​—​​—​​—​—​—
Equity-based compensation​—​—​380​​—​—​380
Net loss—​—​—​​—​(15,164)​(15,164)
Balance at December 31, 2024730,148​$—​$397,883​$—​$(393,871)​$4,012
​​​​​​​​​​​​​​​​​​
*Giving retroactive effect to the 1-for-15 reverse stock split on July 5, 2023, 1-for-16 reverse stock split on April 2, 2024 and 1-for-135 reverse stock split on December 17, 2024.
(1) Excludes 8,519 of pre-funded warrants
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.