22nd Century (XXII) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
At the 2024 Special Meeting of Stockholders, several key proposals were voted upon. An amendment to effect a reverse stock split was approved, along with an amendment to increase the number of authorized shares of common stock. Additionally, the issuance of shares upon exercise of Inducement Warrants was sanctioned. A proposal to adjourn the meeting for further solicitation of votes if necessary was also approved. The meeting was subsequently adjourned regarding the amendment to increase authorized shares, to reconvene for further consideration of that specific proposal.
For further insights into XXII corporate activity, check out TipRanks’ Insiders Trading Activity page.
