SCHEDULE: Gregory Castaldo Reports 0% Stake in 22nd Century Group

Gregory Castaldo filed an amended Schedule 13G, indicating no beneficial ownership in 22nd Century Group, Inc.

Summary

• Gregory Castaldo filed an Amendment No. 1 to Schedule 13G regarding his beneficial ownership of Common Stock of 22nd Century Group, Inc.
• The filing indicates that Gregory Castaldo beneficially owns 0.00 shares, representing 0.0% of the class of securities.
• This includes 0.00 shares with sole voting power, 0.00 shares with shared voting power, 0.00 shares with sole dispositive power, and 0.00 shares with shared dispositive power.
• The reporting person certified that the securities were not acquired or held for the purpose or effect of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it merely reports a change in an individual's beneficial ownership to zero, without providing context on the reasons or implications for the issuer's operations.

Management Comments

• Gregory Castaldo certified that, to the best of his knowledge and belief, the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for passive investors. A report of 0% beneficial ownership indicates that the reporting person no longer holds a reportable stake (i.e., below 5%) or has completely divested their holdings in the company.

Stakeholder Impact

• Shareholders may note the divestment of a previous stake by Gregory Castaldo, though without further context, the direct impact on the company or its stock price is likely minimal.

Key Dates

Keywords

22nd Century Group, Gregory Castaldo, Schedule 13G, beneficial ownership, common stock, SEC filing