Clear Street added as placement sales agent
No actual results were reported in this filing, so a beat, miss, or in-line determination versus the prior full-year 2026 business outlook is not possible. On October 27, 2026, 22nd Century Group entered Amendment No. 2 to its Sales Agreement, adding Clear Street LLC as an additional sales agent for the offering and sale of common-stock Placement Shares while retaining Needham & Company LLC. The amendment made the sales agents' obligations several rather than joint, allowed concurrent placement notices, and left...
Key takeaways
Additional sales agent: Clear Street LLC was added as a sales agent for the offering and sale of common-stock Placement Shares under the existing Sales Agreement.
Effective date: Amendment No. 2 became effective on October 27, 2026.
Existing agent retained: Needham & Company LLC remains a sales agent, with its rights and obligations ratified except for changes necessary to accommodate multiple sales agents.
Placement mechanics: The company may deliver a Placement Notice to one or both agents concurrently and identify which agent will sell on each Trading Day.
Termination mechanics: Termination by a sales agent is effective only with respect to that agent.
Compensation: Allocation between Needham and Clear Street is to be separately agreed in writing; the amount is not disclosed.
Undisclosed offering economics: The filing does not provide an aggregate sales capacity, number of shares, minimum selling price, proceeds, or use of proceeds.
Primary source
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