SCHEDULE 13G/A: Joseph Reda and SEG Opportunity Fund Disclose Significant Passive Stake in 22nd Century Group

Joseph Reda and SEG Opportunity Fund, LLC have jointly disclosed beneficial ownership of 9.9% and 5.2% respectively, of 22nd Century Group, Inc.'s common stock, indicating a passive investment.

Summary

• Joseph Reda and SEG Opportunity Fund, LLC have jointly filed an Amendment No. 1 to Schedule 13G, disclosing their beneficial ownership in 22nd Century Group, Inc.
• Joseph Reda beneficially owns an aggregate of 759,590 shares of Common Stock, representing 9.9% of the Issuer's outstanding class.
• SEG Opportunity Fund, LLC beneficially owns an aggregate of 400,623 shares of Common Stock, representing 5.2% of the Issuer's outstanding class.
• Mr. Reda holds sole voting and dispositive power over 358,967 shares and shared voting and dispositive power over 400,623 shares.
• SEG Opportunity Fund, LLC holds shared voting and dispositive power over 400,623 shares.
• The beneficial ownership percentages are based on 7,605,807 shares of Common Stock of 22nd Century Group, Inc. outstanding as of May 22, 2025.
• The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain information that would inherently be considered positive or negative for the company's performance or outlook.

Risks

• No specific risks related to the investment's purpose or control influence are disclosed, as the filing certifies a passive investment and states the securities were not acquired or held for the purpose of changing or influencing the control of the issuer.

Future Outlook

NA

Management Comments

• Joseph Reda and SEG Opportunity Fund, LLC certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of 22nd Century Group, Inc., and were not acquired or held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing is a standard disclosure of beneficial ownership and does not provide specific industry context or trends.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes, which can influence market perception and trading activity.

Key Dates

Keywords

22nd Century Group, Joseph Reda, SEG Opportunity Fund, Schedule 13G/A, beneficial ownership, common stock, passive investment, SEC filing, equity stake