Key Highlights

  • A 1 for 58 reverse split takes effect at 12:01 a.m. Eastern Time on November 5, 2026.
  • Shares outstanding would fall from 31,949,758 to roughly 550,858 after the split.
  • Preliminary third quarter Revenue from continuing operations was about USD 4.8 million, versus USD 2.9 million in the second quarter.
  • Cash was USD 3.9 million at September 30, 2026, against a quarterly net loss of USD 2.6 million.
  • The split aims to restore compliance with the Nasdaq Capital Market continued listing standard.

What Moved 22nd Century Before the Open (down USD 0.0080, 16.56%)

22nd Century Group (NASDAQ:XXII) was down 16.56% to USD 0.0403 in pre-market trading on November 4, 2026, a fall of USD 0.0080 from an implied Tuesday close of about USD 0.0483 (calculated). The decline follows a regulatory filing dated November 3, 2026 that set out a reverse stock split.

The company did not tie the share price move to any single factor. Reverse splits of this size are often followed by selling pressure in low priced stocks, though that reading is an inference rather than a confirmed cause.

The Reverse Split in Detail

According to the filing, the company will file a Certificate of Amendment with the Nevada Secretary of State on November 3, 2026, and a 1 for 58 reverse split becomes effective at 12:01 a.m. Eastern Time on November 5, 2026. The company said the split is solely to enable it to restore compliance with the Nasdaq Capital Market continued listing standard.

Shares outstanding were 31,949,758 as of November 2, 2026 and would fall to about 550,858 after the split, subject to rounding. Authorized common shares stay at 500,000,000 and Par Value is unchanged at USD 0.00001. The ticker stays XXII and no fractional shares will be issued. At the screen price, the split adjusted equivalent is about USD 2.34 per share (calculated).

Business Background and Recent Results

22nd Century Group is a tobacco products company focused on reduced nicotine cigarettes, sold as Pinnacle VLN and Pinnacle Pure. In a company release dated October 22, 2026, it gave preliminary third quarter figures for the quarter ended September 30, 2026, which are unaudited and may change.

Continuing operations revenue was about USD 4.8 million, up 66% from USD 2.9 million in the second quarter, and the net loss narrowed to USD 2.6 million from USD 3.3 million. In late October 2026 the company also said Pinnacle was authorized in 13 additional states, adding an expected 360 stores with shipments due in the first quarter of 2027, and that it signed an agreement to list Pinnacle on a delivery app with a launch expected late in the fourth quarter of 2026.

Balance Sheet and Risks

Cash of USD 3.9 million is modest against a quarterly net loss of USD 2.6 million, so further financing, and the dilution that can come with it, remains a risk. A reverse split changes the share count and price but not the underlying value of the business, and it does not guarantee that the listing standard will be regained.

At USD 0.0403 per share the stock is a penny stock, where volatility, thin Liquidity and dilution risk can amplify price swings.

What to Watch Next

The first marker is trading on a split adjusted basis from November 5, 2026, followed by any Nasdaq letter confirming compliance. The company said it expects full third quarter results on or before November 13, 2026. Any capital raise in regulatory filings also bears watching.