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Stock Market & Financial Investment News

News Breaks
April 1, 2014
08:13 EDTXXII22nd Century says eliminates $7.7M of warrant liability
22nd Century Group announced that it entered into warrant amendments yesterday with existing warrant holders to eliminate virtually all of the company’s “derivative warrant liability.” 22nd Century Group had previously issued certain warrants that contained anti-dilution provisions. As of December 31, 2013, the Company’s derivative warrant liability was approximately $3.8M. However, as a result of the 52% appreciation of 22nd Century Group’s share price in 1Q14, the company’s derivative warrant liability would have increased to approximately $7.7M by the end of 1Q14 if the company and certain warrant holders did not amend the warrants containing anti-dilution provisions.
News For XXII From The Last 14 Days
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October 27, 2014
14:41 EDTXXII22nd Century names Henry Sicignano as COO
The Board of Directors named Henry Sicignano, III, the current President of the company, to be the new COO of the company. Sicignano has been instrumental in many of the company’s successes and now that 22nd Century is on the cusp of product sales in the U.S., Europe and Asia, it is important for the company to have an executive of Sicignano’s experience in this additional role as COO.
14:40 EDTXXII22nd Century announces departure of CEO, Chairman Joseph Pandolfino
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06:24 EDTXXII22nd Century discloses termintion of employment of CEO Joseph Pandolfino
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