22nd Century Group Announces $6 Million Registered Direct Offering

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22nd Century Group (XXII) Enters 6M Common Stock, 3M Warrants Registered Direct Offering

May 29, 2015 7:33 AM EDT

22nd Century Group (NYSE: XXII) announced that it has entered into an agreement with a single institutional investor to receive $6 million in gross proceeds in a registered direct offering through the sale of common stock and warrants consisting of 6,000,000 shares of the Companys common stock and 66-month warrants to purchase 3,000,000 shares of common stock at an exercise price of... More