Key Highlights

  • 22nd Century Group (NASDAQ:XXII) traded down 19.15% to USD 0.0391 in intraday market data on November 4, 2026, one day before a 1-for-58 reverse split.
  • The split takes effect at 12:01 a.m. ET on November 5, 2026, and the company said it is solely to restore compliance with the Nasdaq Capital Market listing standard.
  • Shares outstanding of 31,949,758 as of November 2, 2026 would fall to about 550,858 after the split, with no fractional shares issued and the ticker unchanged.
  • The company said on November 3, 2026 that it will report third-quarter results on November 16, 2026, after preliminary figures showed Revenue of about USD 4.8 million.

What Moved 22nd Century During Trading (down USD 0.0093, 19.15%)

22nd Century Group (NASDAQ:XXII) was quoted at USD 0.0391 in intraday market data on November 4, 2026, down 19.15%. The implied prior close was about USD 0.0484 (calculated), so the decline equals about USD 0.0093 per share. About 30.57 million shares traded, and the screen showed a Market Value near USD 750,000. The likely trigger is the regulatory filing dated November 3, 2026 setting a 1-for-58 reverse split for November 5, 2026. The company did not tie the share price to any single factor, so that reading is an inference. Stocks facing large splits are often sold ahead of the effective date, though that pattern is not guaranteed.

How the 1-for-58 Reverse Split Works

Under the filing, the company will file a Certificate of Amendment in Nevada and the split becomes effective at 12:01 a.m. ET on November 5, 2026. Every 58 shares will be combined into one. Shares outstanding of 31,949,758 as of November 2, 2026 would fall to about 550,858, subject to rounding, while authorized common shares stay at 500,000,000 and Par Value stays at USD 0.00001. The ticker remains XXII and no fractional shares will be issued. At the intraday price, the split-adjusted equivalent would be about USD 2.27 per share (calculated). The split does not change the value of the company; it only cuts the share count and lifts the quoted price toward the Nasdaq minimum bid.

Recent Results and Trading Risks

22nd Century Group sells reduced-nicotine cigarettes under the Pinnacle VLN and Pinnacle Pure names. In a company release dated October 22, 2026, it reported preliminary third-quarter continuing operations revenue of about USD 4.8 million, up from USD 2.9 million in the second quarter, with the net loss narrowing to USD 2.6 million; figures are unaudited. Late in October 2026 it announced Pinnacle authorization in 13 more states and a delivery-app agreement. Cash of about USD 3.9 million against a quarterly loss keeps financing risk in view. As a penny stock, a small number of trades can move the price, spreads can be wide and quoted moves can reverse; nothing implies the move will continue.

Where Things Stand

22nd Century Group (NASDAQ:XXII) is down 19.15% most likely because a 1-for-58 reverse split takes effect on November 5, 2026, although the company did not state a cause, so that link is an inference. The split is meant to restore Nasdaq listing compliance, and it will not by itself change the business. Next, watch the first trading day after the split, any new capital raise that adds shares, the third-quarter report due on November 16, 2026, and whether the higher price keeps the stock above the Nasdaq minimum.