22nd Century Announces 1-for-135 Reverse Stock Split
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22nd Century Group, Inc. (NASDAQ: XXII) announced a 1-for-135 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement. The split will be effective on December 17, 2024.
December 13, 2024 | 2:00 pm
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22nd Century Group is implementing a 1-for-135 reverse stock split to meet Nasdaq's minimum bid price requirement, effective December 17, 2024.
The reverse stock split is a strategic move to increase the stock price and maintain Nasdaq listing. While it doesn't change the company's market value, it can affect investor perception and trading dynamics. The impact on stock price is uncertain as it depends on market reaction.
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