22nd Century Group Announces Agreement To Fund All IP, Licensing And Sponsored Research Payments To Carolina State University Through 2025 In Equity
Portfolio Pulse from Benzinga Newsdesk
22nd Century Group has announced an agreement to fund all intellectual property, licensing, and sponsored research payments to Carolina State University through 2025 using equity. This move is likely to impact the company's financials and stock performance.
September 09, 2024 | 12:13 pm
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22nd Century Group will fund its obligations to Carolina State University through equity, potentially affecting its stock value and financial strategy.
The decision to use equity for funding obligations indicates a strategic move to manage cash flow and leverage equity for financial commitments. This could be seen positively by investors as it may preserve cash reserves, potentially leading to a short-term positive impact on the stock price.
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