22nd Century Surpasses Nasdaq Equity Requirements

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.

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