An update from 22nd Century ( (XXII) ) is now available.
22nd Century Group, Inc. has successfully regained compliance with Nasdaq’s minimum stockholders’ equity requirement, following a period of financial restructuring that included new equity offerings and reducing debt. The tobacco company, renowned for its low-nicotine cigarettes, has strengthened its balance sheet, raising over $11 million in equity and reaching the required $2.5 million equity minimum. With this achievement, the company has reinforced its commitment to maintaining Nasdaq listing compliance and enhancing shareholder value.
See more insights into XXII stock on TipRanks’ Stock Analysis page.
