22nd Century Group Amends Preferred Stock Bylaws
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22nd Century Group Inc. announced amendments to its bylaws, including changes to Series A Convertible Preferred Stock. The company seeks stockholder approval for a reverse stock split to meet Nasdaq requirements and a $20 million securities offering. Additional amendments affect share sales under the ATM Facility, conversion price conditions, and introduce anti-dilution protections for warrant holders, all pending stockholder approval.
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