22nd Century Group files to sell up to 18.8 million shares via ATM program
The company filed a prospectus supplement covering up to 18.8 million shares under an at-the-market program with Needham & Company. In October it had already sold 15.8 million shares.
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what happened
22nd Century Group filed a prospectus supplement allowing it to sell up to 18.8 million common shares under an at-the-market offering. TradingView reported this based on documents submitted to the SEC.
Under its sales agreement with Needham & Company, the company sold 15,785,757 shares in October, generating about $4.7 million in gross proceeds. As of October 23, 2026, there were 19,202,198 common shares outstanding.
why it matters
Programs like this let a company issue new shares into the open market as needed. For existing shareholders this can mean a larger share count and pressure on the stock price, especially at smaller issuers with limited trading volume.
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sources
- 22nd Century Group Registers Up to 18.8 Million Shares for ATM Offering — TradingView, 23 October 2026 at 21:33 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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