SCHEDULE 13G/A: Anson Funds Group Discloses 4.9% Stake in 22nd Century Group Common Stock
Beneficial Ownership Report
Anson Funds Management LP and its affiliated entities have filed an amended Schedule 13G, reporting a beneficial ownership of 4.9% in 22nd Century Group, Inc.'s common stock as of December 31, 2024.
Summary
- Anson Funds Management LP, along with Anson Management GP LLC, Mr. Tony Moore, Anson Advisors Inc., Mr. Amin Nathoo, and Mr. Moez Kassam, collectively reported beneficial ownership of 2,432,220 shares of 22nd Century Group, Inc. common stock.
- This ownership represents 4.9% of the outstanding common stock of 22nd Century Group, Inc.
- The percentage is calculated based on a total of 48,741,889 shares, which includes 46,359,227 shares reported outstanding in the Issuer's Form 10-Q filed on November 12, 2024, plus 2,382,662 shares receivable upon exercise of warrants held by the Fund.
- The filing is an Amendment No. 2 to Schedule 13G, indicating an update to their previously reported stake.
- The reporting persons share both voting and dispositive power over these 2,432,220 shares.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a factual disclosure of ownership and typically carries a neutral sentiment. It does not inherently indicate positive or negative news about the company's operations or financial performance.
Future Outlook
NA
Industry Context
This Schedule 13G filing indicates that Anson Funds Management LP and its affiliated entities are passive investors in 22nd Century Group, Inc., holding less than 5% of the outstanding common stock and not intending to influence control. Such filings are standard disclosures for institutional investors reaching certain ownership thresholds, providing transparency to the market about significant stakes held by investment funds.
Stakeholder Impact
- Shareholders of 22nd Century Group, Inc. gain transparency regarding the beneficial ownership stake held by Anson Funds Management LP and its affiliates, providing insight into significant institutional holdings.
Key Dates
| Date | Description |
|---|---|
| 2024-11-12 | Date of Issuer's Quarterly Report on Form 10-Q, reporting 46,359,227 shares outstanding. |
| 2024-12-31 | Date of event which requires the filing of this statement, reflecting the beneficial ownership stake. |
| 2025-02-14 | Date of filing of this Schedule 13G Amendment No. 2. |
Keywords
22nd Century Group, Anson Funds Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Fund, SEC Filing, Ownership Stake, Institutional Investor
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