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XXII > SEC Filings for XXII > Form 8-K on 13-Dec-2013All Recent SEC Filings

Show all filings for 22ND CENTURY GROUP, INC.

Form 8-K for 22ND CENTURY GROUP, INC.


13-Dec-2013

Completion of Acquisition or Disposition of Assets, Financial Statements


Item 2.01. Completion of Acquisition or Disposition of Assets.

On December 11, 2013, 22nd Century Group, Inc. (the "Company") completed the acquisition of cigarette manufacturing equipment from Todd A. Robinson, not individually, but in the capacity as Trustee in the Chapter 7 bankruptcy case of PTM Technologies, Inc., pursuant to the terms of an asset purchase agreement, as amended. The purchase price for the equipment required a cash payment of $3,220,000. The purchase of the equipment was consummated free and clear of all liens and other encumbrances in accordance with the Order of the United States Bankruptcy Court for the Middle District of North Carolina.

The forgoing summary does not purport to be complete and is qualified in its entirety by the asset purchase agreement and the amendment thereto, which are filed herewith as Exhibits 2.1 and 2.2.



Item 9.01(d). Financial Statements and Exhibits.

Exhibit 2.1. Asset Purchase Agreement between the Goodrich Tobacco Company, LLC and Todd A. Robinson, not individually, but in the capacity as Trustee in the Chapter 7 bankruptcy case of PTM Technologies, Inc.

Exhibit 2.2. Amendment to Asset Purchase Agreement between the Goodrich Tobacco Company, LLC and Todd A. Robinson, not individually, but in the capacity as Trustee in the Chapter 7 bankruptcy case of PTM Technologies, Inc.

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