The registered direct offering is expected to raise $5.3 million for 22nd Century Group, which will be used for the expansion of its VLN reduced nicotine content tobacco cigarettes and working capital. This news is directly related to the company and its stock price, as it indicates the company's efforts to expand its product offerings and secure additional funding. The offering is priced above market, which is a positive sign for investors, as it shows confidence in the company's prospects. This is likely to have a positive short-term impact on the stock price.