22nd century group inc xxii plans to effect a reverse stock split of its outstanding shares of common stock par value 000001 per share at a ratio of 1for15 the company expects the reverse stock split to help regain compliance with the minimum bid price requirement of 100 per share of common stock for continued listing on nasdaq the board decided to take action now to resolve our compliance with the nasdaq listing standards providing investors with greater assurance around this important asset even as we continue to advance our mission focused on plant biotechnology and health improvement said chair of the board nora sullivan the companys share will begin trading on a reverse stock splitadjusted basis at the opening of the nasdaq capital market on wednesday july 5 2023 after the reverse stock split the shares will continue to trade on nasdaq under the symbol xxii with the new cusip number 90137f202 price action xxii shares are trading lower by 29 at 02706 in premarket on the last check monday