22nd Century Group announces 1-for-58 reverse stock split to take effect November 5

22nd Century Group, Inc. (NASDAQ:XXII) has announced a 1-for-58 reverse stock split set to take effect on November 5, 2026. The company's shares are currently trading at $0.06, near their 52-week low of $0.05, with a significant decline of 29% in the past week and nearly 100% over the past year. The reverse stock split, approved by shareholders and the board of directors, will reduce the number of outstanding shares from approximately 31.95 million to about 550,858, with fractional shares being rounded up to whole shares.

The total number of authorized shares remains unchanged at 500 million. The split is intended to restore compliance with Nasdaq Capital Market listing standards, and will be reflected automatically for shareholders holding shares in electronic form. Those with paper certificates will need to contact the company's transfer agent for exchange information. The reverse stock split will also affect options, warrants, and Series A preferred stock holdings.