22nd Century Group, Inc. recently filed a Form S-8 with the Securities and Exchange Commission (SEC). This filing is significant as it indicates the company’s intention to issue shares of common stock to employees, directors, consultants, and advisors as part of their compensation plans. By issuing these shares, the company can incentivize key individuals to contribute to the growth and success of the business.
22nd Century Group, Inc. is a leading plant biotechnology company focused on developing disruptive technologies that can reduce the harm caused by smoking. The company’s mission is to improve public health and well-being through their proprietary tobacco harm reduction and smoking cessation products. To learn more about 22nd Century Group, Inc., please visit their website here.
Form S-8 is a registration statement used by companies to register securities that will be offered to employees under employee benefit plans, such as stock option plans or employee stock purchase plans. This form allows companies to issue shares to employees without having to go through the full registration process required for public offerings, making it a cost-effective way for companies to attract and retain talent.
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22nd Century Group, Inc. Submits S-8 Form to SEC for Approval
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