Key Highlights

  • 22nd Century Group (NASDAQ:XXII) traded 19.15% lower at USD 0.0391 intraday on November 4, 2026, a single session before its 1-for-58 reverse split becomes effective.
  • The split is scheduled to take effect at 12:01 a.m. ET on November 5, 2026, and management stated that its only purpose is to restore compliance with the Nasdaq Capital Market listing standard.
  • Shares outstanding of 31,949,758 as of November 2, 2026 would shrink to roughly 550,858 once the split is complete, no fractional shares will be issued, and the ticker will stay the same.
  • On November 3, 2026 the company said it will publish third-quarter results on November 16, 2026, following preliminary figures that put Revenue near USD 4.8 million.

What Drove the 22nd Century Move (down USD 0.0093, 19.15%)

22nd Century Group (NASDAQ:XXII) was quoted at USD 0.0391 in intraday market data on November 4, 2026, a drop of 19.15%. The implied prior close is about USD 0.0484 (calculated), making the decline roughly USD 0.0093 per share. Roughly 30.57 million shares changed hands, and the screen showed Market Value of around USD 750,000. The most probable trigger is a regulatory filing dated November 3, 2026 that set a 1-for-58 reverse split for November 5, 2026. The company did not link the share price to any specific factor, so this reading is an inference. Stocks approaching large splits are frequently sold ahead of the effective date, though that tendency is far from guaranteed.

How the 1-for-58 Reverse Split Functions

According to the filing, the company will submit a Certificate of Amendment in Nevada, with the split taking effect at 12:01 a.m. ET on November 5, 2026. Every 58 shares will be merged into one. Shares outstanding of 31,949,758 as of November 2, 2026 would drop to about 550,858, subject to rounding, while authorized common shares remain at 500,000,000 and Par Value stays at USD 0.00001. The ticker is still XXII and fractional shares will not be issued. At the intraday price, the split-adjusted equivalent would be roughly USD 2.27 per share (calculated). The split leaves the company's worth untouched; it simply reduces the share count and pushes the quoted price up toward the Nasdaq minimum bid.

Recent Results and Trading Hazards

22nd Century Group markets reduced-nicotine cigarettes under the Pinnacle VLN and Pinnacle Pure brands. A company release dated October 22, 2026 reported preliminary continuing operations revenue for the third quarter of about USD 4.8 million, up from USD 2.9 million in the second quarter, while the net loss shrank to USD 2.6 million. The figures are unaudited. Later in October 2026, the company announced Pinnacle authorization in 13 additional states along with a delivery-app agreement. Roughly USD 3.9 million in cash against a quarterly loss keeps financing risk in focus. Because it is a penny stock, a few trades can move the price, spreads may be wide and quoted moves may reverse. None of this indicates the decline will persist.

Where Things Stand

22nd Century Group (NASDAQ:XXII) is down 19.15%, most likely because its 1-for-58 reverse split takes effect on November 5, 2026. The company gave no explicit reason, so this connection is an inference. The split is intended to restore Nasdaq listing compliance and will not change the Business on its own. Next, watch the first session after the split, any new capital raise that would add shares, the third-quarter report due November 16, 2026, and whether the higher share price holds above the Nasdaq minimum.