[SCHEDULE 13G/A] 22nd Century Group Inc. SEC Filing
22nd Century Group reporting persons Iroquois Capital Management LLC, Richard Abbe and Kimberly Page disclosed warrant positions that together are presented as potential claims on the company's common stock but are constrained by a contractual ownership limit. The filing shows reported warrants to purchase 195,703 shares held through Iroquois Master Fund and 362,447 shares held through ICIG, producing an aggregate reported amount of 558,150 shares for Richard Abbe and 195,703 shares for each of Iroquois Capital and Kimberly Page. The statements calculate ownership as 4.99% of a 500,331-share base when giving effect to a contractual 4.99% blocker that prevents exercise of warrants that would exceed that threshold. The filing notes that the cover-page counts show full exercise numbers without deducting the blocker and that actual beneficial ownership after applying the blocker is lower.
22nd Century Group: le persone dichiarante 鈥� Iroquois Capital Management LLC, Richard Abbe e Kimberly Page 鈥� hanno reso note posizioni in warrant che rappresentano potenziali pretese sulle azioni ordinarie della societ脿, ma sono vincolate da un limite contrattuale di propriet脿. Il deposito riporta warrant per l'acquisto di 195,703 azioni detenute tramite Iroquois Master Fund e di 362,447 azioni detenute tramite ICIG, per un totale segnalato di 558,150 azioni attribuite a Richard Abbe e di 195,703 azioni ciascuna per Iroquois Capital e Kimberly Page. Le dichiarazioni calcolano la partecipazione come il 4.99% di una base di 500,331 azioni considerando l'effetto di un blocco contrattuale del 4.99% che impedisce l'esercizio di warrant che supererebbero tale soglia. Il deposito osserva che i conteggi sulla copertina riportano i numeri di pieno esercizio senza detrarre il blocco e che la reale titolarit脿 effettiva dopo l'applicazione del blocco 猫 inferiore.
22nd Century Group: las personas informantes 鈥� Iroquois Capital Management LLC, Richard Abbe y Kimberly Page 鈥� han divulgado posiciones en warrants que constituyen posibles derechos sobre las acciones ordinarias de la compa帽铆a, pero est谩n sujetas a un l铆mite contractual de propiedad. La presentaci贸n muestra warrants para comprar 195,703 acciones mantenidas a trav茅s de Iroquois Master Fund y 362,447 acciones mantenidas a trav茅s de ICIG, resultando en un total declarado de 558,150 acciones para Richard Abbe y de 195,703 acciones para cada uno de Iroquois Capital y Kimberly Page. Las declaraciones calculan la participaci贸n como el 4.99% de una base de 500,331 acciones al aplicar un bloqueo contractual del 4.99% que impide el ejercicio de warrants que superar铆an ese umbral. La presentaci贸n se帽ala que las cifras de la portada muestran los n煤meros de ejercicio completo sin descontar el bloqueo y que la propiedad efectiva real tras aplicar el bloqueo es menor.
22nd Century Group鞚� 氤搓碃鞛� Iroquois Capital Management LLC, Richard Abbe 氚� Kimberly Page電� 須岇偓 氤错喌欤检棎 雽�頃� 鞛犾灛鞝� 觳惮甓岇溂搿� 鞝滌嫓霅橂姅 鞗岆煱韸� 氤挫湢毳� 瓿店皽頄堨溂雮�, 鞚措姅 瓿勳暯靸� 靻岇湢 頃滊弰搿� 鞝滍暅霅╇媹雼�. 鞝滌稖靹滊鞐� 霐半ゴ氅� Iroquois Master Fund毳� 韱淀暣 氤挫湢頃� 195,703欤茧ゼ 毵れ垬頃� 靾� 鞛堧姅 鞗岆煱韸胳檧 ICIG毳� 韱淀暣 氤挫湢頃� 362,447欤茧ゼ 毵れ垬頃� 靾� 鞛堧姅 鞗岆煱韸戈皜 氤搓碃霅橃柎, Richard Abbe鞐� 雽�頃挫劀電� 頃╆硠 558,150欤�, Iroquois Capital瓿� Kimberly Page 臧侅瀽鞐� 雽�頃挫劀電� 195,703欤缄皜 氤搓碃霅� 瓴冹溂搿� 雮橅儉雮╇媹雼�. 靹彪獏靹滊姅 瓿勳暯靸� 4.99%鞚� 彀嫧 攴滌爼(4.99% 敫旊旎�)鞚� 鞝侅毄頃� 霑� 旮办 欤检嫕靾� 500,331欤检潣 4.99%搿� 靻岇湢 牍勳湪鞚� 瓿勳偘頃滊嫟瓿� 氚濏瀳氅�, 鞚� 敫旊旎る姅 攴� 頃滊弰毳� 齑堦臣頃橂姅 鞗岆煱韸胳潣 頄夓偓毳� 氚╈頃╇媹雼�. 鞝滌稖靹滊電� 響滌鞚� 靾橃箻臧� 敫旊旎るゼ 彀皭頃橃 鞎婌潃 鞝勳暋 頄夓偓 旮办鞙茧 響滌嫓霅橃柎 鞛堦碃, 敫旊旎� 鞝侅毄 頉� 鞁れ牅 鞁れ鞝� 靻岇湢電� 雿� 雮嫟瓿� 氇呾嫓頃╇媹雼�.
22nd Century Group : les personnes d茅clarantes Iroquois Capital Management LLC, Richard Abbe et Kimberly Page ont d茅voil茅 des positions en warrants qui constituent des droits potentiels sur les actions ordinaires de la soci茅t茅, mais qui sont limit茅es par un plafond contractuel de d茅tention. Le d茅p么t indique des warrants d'achat de 195,703 actions d茅tenues via Iroquois Master Fund et de 362,447 actions d茅tenues via ICIG, aboutissant 脿 un total d茅clar茅 de 558,150 actions pour Richard Abbe et de 195,703 actions pour chacun d'Iroquois Capital et de Kimberly Page. Les d茅clarations calculent la participation 脿 4.99% d'une base de 500,331 actions en tenant compte d'un verrou contractuel de 4.99% qui emp锚che l'exercice de warrants au-del脿 de ce seuil. Le d茅p么t pr茅cise que les chiffres en page de couverture affichent les montants d'exercice complets sans d茅duire le verrou et que la propri茅t茅 effective apr猫s application du verrou est inf茅rieure.
22nd Century Group-meldende Personen Iroquois Capital Management LLC, Richard Abbe und Kimberly Page gaben Warrant-Positionen an, die zwar als potenzielle Anspr眉che auf die Stammaktien des Unternehmens dargestellt werden, aber durch eine vertragliche Eigentumsbegrenzung eingeschr盲nkt sind. Die Einreichung weist Warrants zum Kauf von 195,703 Aktien, gehalten 眉ber Iroquois Master Fund, und von 362,447 Aktien, gehalten 眉ber ICIG, aus, was f眉r Richard Abbe eine gemeldete Gesamtsumme von 558,150 Aktien und f眉r Iroquois Capital sowie Kimberly Page jeweils 195,703 Aktien ergibt. Die Angaben berechnen die Beteiligung mit 4.99% einer Basis von 500,331 Aktien, wenn der vertragliche 4.99% Blocker ber眉cksichtigt wird, der die Aus眉bung von Warrants verhindert, die diese Schwelle 眉berschreiten w眉rden. Die Einreichung weist darauf hin, dass die Zahlen auf der Titelseite die vollst盲ndigen Aus眉bungsbetr盲ge ohne Abzug des Blockers zeigen und dass das tats盲chliche wirtschaftliche Eigentum nach Anwendung des Blockers niedriger ist.
- Transparent disclosure of warrant positions and the ownership calculation
- Contractual 4.99% blocker explicitly described, clarifying exercise limits
- None.
Insights
TL;DR: Reporting persons disclose warrant positions near a 4.99% ownership cap; holdings are presented as warrants, not current common shares.
The filing documents material warrant positions tied to two investment vehicles and to an individual with overlapping authority. The critical technical point is the 4.99% blocker, which constrains exercise and is used to compute the reported 4.99% ownership levels against a 500,331 share base. For investors, the form clarifies that the numbers on the cover pages reflect the maximum shares issuable upon full exercise, but they do not reflect the ownership limits that would reduce actual post-exercise holdings. This is a procedural disclosure of potential conversion exposure rather than a transfer of voting control today.
TL;DR: Disclosure shows shared decision authority across reporting persons and confirms contractual limits on conversion to avoid exceeding a 4.99% ownership threshold.
The statement explains that Mr. Abbe and Ms. Page share authority over the fund that holds reported warrants and that Mr. Abbe also controls a separate vehicle with reported warrants. The filing emphasizes the blocker mechanism that prevents exercise beyond 4.99%, and it explicitly states that the presented exercise figures do not give effect to that blocker. This preserves a clear record of potential security interests while indicating no present rollover of voting control above the stated threshold.
22nd Century Group: le persone dichiarante 鈥� Iroquois Capital Management LLC, Richard Abbe e Kimberly Page 鈥� hanno reso note posizioni in warrant che rappresentano potenziali pretese sulle azioni ordinarie della societ脿, ma sono vincolate da un limite contrattuale di propriet脿. Il deposito riporta warrant per l'acquisto di 195,703 azioni detenute tramite Iroquois Master Fund e di 362,447 azioni detenute tramite ICIG, per un totale segnalato di 558,150 azioni attribuite a Richard Abbe e di 195,703 azioni ciascuna per Iroquois Capital e Kimberly Page. Le dichiarazioni calcolano la partecipazione come il 4.99% di una base di 500,331 azioni considerando l'effetto di un blocco contrattuale del 4.99% che impedisce l'esercizio di warrant che supererebbero tale soglia. Il deposito osserva che i conteggi sulla copertina riportano i numeri di pieno esercizio senza detrarre il blocco e che la reale titolarit脿 effettiva dopo l'applicazione del blocco 猫 inferiore.
22nd Century Group: las personas informantes 鈥� Iroquois Capital Management LLC, Richard Abbe y Kimberly Page 鈥� han divulgado posiciones en warrants que constituyen posibles derechos sobre las acciones ordinarias de la compa帽铆a, pero est谩n sujetas a un l铆mite contractual de propiedad. La presentaci贸n muestra warrants para comprar 195,703 acciones mantenidas a trav茅s de Iroquois Master Fund y 362,447 acciones mantenidas a trav茅s de ICIG, resultando en un total declarado de 558,150 acciones para Richard Abbe y de 195,703 acciones para cada uno de Iroquois Capital y Kimberly Page. Las declaraciones calculan la participaci贸n como el 4.99% de una base de 500,331 acciones al aplicar un bloqueo contractual del 4.99% que impide el ejercicio de warrants que superar铆an ese umbral. La presentaci贸n se帽ala que las cifras de la portada muestran los n煤meros de ejercicio completo sin descontar el bloqueo y que la propiedad efectiva real tras aplicar el bloqueo es menor.
22nd Century Group鞚� 氤搓碃鞛� Iroquois Capital Management LLC, Richard Abbe 氚� Kimberly Page電� 須岇偓 氤错喌欤检棎 雽�頃� 鞛犾灛鞝� 觳惮甓岇溂搿� 鞝滌嫓霅橂姅 鞗岆煱韸� 氤挫湢毳� 瓿店皽頄堨溂雮�, 鞚措姅 瓿勳暯靸� 靻岇湢 頃滊弰搿� 鞝滍暅霅╇媹雼�. 鞝滌稖靹滊鞐� 霐半ゴ氅� Iroquois Master Fund毳� 韱淀暣 氤挫湢頃� 195,703欤茧ゼ 毵れ垬頃� 靾� 鞛堧姅 鞗岆煱韸胳檧 ICIG毳� 韱淀暣 氤挫湢頃� 362,447欤茧ゼ 毵れ垬頃� 靾� 鞛堧姅 鞗岆煱韸戈皜 氤搓碃霅橃柎, Richard Abbe鞐� 雽�頃挫劀電� 頃╆硠 558,150欤�, Iroquois Capital瓿� Kimberly Page 臧侅瀽鞐� 雽�頃挫劀電� 195,703欤缄皜 氤搓碃霅� 瓴冹溂搿� 雮橅儉雮╇媹雼�. 靹彪獏靹滊姅 瓿勳暯靸� 4.99%鞚� 彀嫧 攴滌爼(4.99% 敫旊旎�)鞚� 鞝侅毄頃� 霑� 旮办 欤检嫕靾� 500,331欤检潣 4.99%搿� 靻岇湢 牍勳湪鞚� 瓿勳偘頃滊嫟瓿� 氚濏瀳氅�, 鞚� 敫旊旎る姅 攴� 頃滊弰毳� 齑堦臣頃橂姅 鞗岆煱韸胳潣 頄夓偓毳� 氚╈頃╇媹雼�. 鞝滌稖靹滊電� 響滌鞚� 靾橃箻臧� 敫旊旎るゼ 彀皭頃橃 鞎婌潃 鞝勳暋 頄夓偓 旮办鞙茧 響滌嫓霅橃柎 鞛堦碃, 敫旊旎� 鞝侅毄 頉� 鞁れ牅 鞁れ鞝� 靻岇湢電� 雿� 雮嫟瓿� 氇呾嫓頃╇媹雼�.
22nd Century Group : les personnes d茅clarantes Iroquois Capital Management LLC, Richard Abbe et Kimberly Page ont d茅voil茅 des positions en warrants qui constituent des droits potentiels sur les actions ordinaires de la soci茅t茅, mais qui sont limit茅es par un plafond contractuel de d茅tention. Le d茅p么t indique des warrants d'achat de 195,703 actions d茅tenues via Iroquois Master Fund et de 362,447 actions d茅tenues via ICIG, aboutissant 脿 un total d茅clar茅 de 558,150 actions pour Richard Abbe et de 195,703 actions pour chacun d'Iroquois Capital et de Kimberly Page. Les d茅clarations calculent la participation 脿 4.99% d'une base de 500,331 actions en tenant compte d'un verrou contractuel de 4.99% qui emp锚che l'exercice de warrants au-del脿 de ce seuil. Le d茅p么t pr茅cise que les chiffres en page de couverture affichent les montants d'exercice complets sans d茅duire le verrou et que la propri茅t茅 effective apr猫s application du verrou est inf茅rieure.
22nd Century Group-meldende Personen Iroquois Capital Management LLC, Richard Abbe und Kimberly Page gaben Warrant-Positionen an, die zwar als potenzielle Anspr眉che auf die Stammaktien des Unternehmens dargestellt werden, aber durch eine vertragliche Eigentumsbegrenzung eingeschr盲nkt sind. Die Einreichung weist Warrants zum Kauf von 195,703 Aktien, gehalten 眉ber Iroquois Master Fund, und von 362,447 Aktien, gehalten 眉ber ICIG, aus, was f眉r Richard Abbe eine gemeldete Gesamtsumme von 558,150 Aktien und f眉r Iroquois Capital sowie Kimberly Page jeweils 195,703 Aktien ergibt. Die Angaben berechnen die Beteiligung mit 4.99% einer Basis von 500,331 Aktien, wenn der vertragliche 4.99% Blocker ber眉cksichtigt wird, der die Aus眉bung von Warrants verhindert, die diese Schwelle 眉berschreiten w眉rden. Die Einreichung weist darauf hin, dass die Zahlen auf der Titelseite die vollst盲ndigen Aus眉bungsbetr盲ge ohne Abzug des Blockers zeigen und dass das tats盲chliche wirtschaftliche Eigentum nach Anwendung des Blockers niedriger ist.
FAQ
What does the 4.99% ownership figure mean for XXII?
How many shares are reported as issuable upon exercise of warrants?
Are the reported holdings current common shares or warrants?
Do the cover-page numbers reflect the effect of the blocker?
Who are the reporting persons for these positions in XXII?
