22nd Century Group Sets 1-for-58 Reverse Stock Split, Effective Nov. 5

22nd Century Group, Inc. (Nasdaq: XXII) will carry out a 1-for-58 reverse stock split effective Nov. 5, 2026, the company said in an 8-K filed Tuesday.

The company will file a Certificate of Amendment with the Nevada Secretary of State on Nov. 3. The split takes effect at 12:01 a.m. Eastern Time on Nov. 5, and shares will begin trading on a split-adjusted basis when the market opens that day.

The company said the split was effected solely to enable it to expeditiously restore compliance with the continued listing standard of the Nasdaq Capital Market. The stock last closed at $0.07 on Nov. 2, 2026.

What changes for holders

The ticker stays XXII, but the common stock will trade under a new CUSIP number, 90137F806. Holders who keep shares at brokerages do not need to take any action, because the change will be reflected in their accounts automatically. Holders with paper certificates may send them to the transfer agent, Continental Stock Transfer & Trust Company, which will issue new certificates. The company asks holders to contact Continental for costs and procedures before sending any certificates.

Each holder's shares will be divided by 58. No fractional shares will be issued and no cash will be paid in their place. Anyone who would otherwise receive a fraction will instead receive one whole share.

Share count

The company had 31,949,758 shares of common stock outstanding as of Nov. 2, 2026. After the split it expects about 550,858 shares outstanding, subject to rounding. Authorized shares remain at 500,000,000, and the par value is unchanged. The company says each holder's ownership percentage and voting power remain virtually unchanged, except for rounding. Options, warrants and Series A preferred stock will be adjusted to reflect the split.