22nd Century Group, Inc. (XXII) has a new beneficial ownership disclosure under Schedule 13G. The filing is made jointly by Joseph Reda and SEG Opportunity Fund, LLC, a New York limited liability company managed by Mr. Reda.
Joseph Reda reports beneficial ownership of 71,256 shares of common stock, representing 9.97% of 22nd Century Group's outstanding common stock, based on 713,994 shares outstanding as verified with the company on August 19, 2026. Of this amount, Mr. Reda has sole and shared voting and dispositive power over 35,628 shares each. SEG Opportunity Fund, LLC is the record and direct beneficial owner of 35,628 shares, representing 4.98% of the outstanding common stock, with shared voting and dispositive power over those shares.
The reporting persons state that the joint filing and related disclosures should not be construed as an admission that either is a beneficial owner of any securities for purposes of Section 13(d) or 13(g) or that they are acting as a group with respect to the issuer's securities.
Positive
None.
Negative
None.
Key Figures
Shares Outstanding:713,994 sharesShares Beneficially Owned by Joseph Reda:71,256 sharesOwnership Percentage - Joseph Reda:9.97%+4 more
7 metrics
Shares Outstanding713,994 sharesCommon stock of 22nd Century Group outstanding as verified on August 19, 2026
Shares Beneficially Owned by Joseph Reda71,256 sharesTotal beneficial ownership of 22nd Century Group common stock reported on Schedule 13G
Ownership Percentage - Joseph Reda9.97%Percentage of 22nd Century Group common stock based on 713,994 shares outstanding
Shares Beneficially Owned by SEG Opportunity Fund, LLC35,628 sharesRecord and direct beneficial ownership of 22nd Century Group common stock
Ownership Percentage - SEG Opportunity Fund, LLC4.98%Percentage of 22nd Century Group common stock based on 713,994 shares outstanding
Shared Voting Power - SEG Opportunity Fund, LLC35,628 sharesShares over which SEG reports shared power to vote or direct the vote
Shared Dispositive Power - SEG Opportunity Fund, LLC35,628 sharesShares over which SEG reports shared power to dispose or direct disposition
"This statement is jointly filed by and on behalf of each of Joseph Reda"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficial ownerfinancial
"may be deemed to beneficially own securities beneficially owned by, SEG"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting powerfinancial
"Shared Voting Power 35,628.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
dispositive powerfinancial
"Shared Dispositive Power 35,628.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
member of a groupregulatory
"may be deemed to be a member of a group with respect to the Issuer"
FAQ
What percentage of 22nd Century Group (XXII) does Joseph Reda report owning in this Schedule 13G?
Joseph Reda reports beneficial ownership of 9.97% of 22nd Century Group’s common stock. This corresponds to 71,256 shares, based on 713,994 shares outstanding as verified with the company on August 19, 2026.
How many 22nd Century Group (XXII) shares does SEG Opportunity Fund, LLC report owning?
SEG Opportunity Fund, LLC reports beneficial ownership of 35,628 shares of 22nd Century Group common stock. This stake represents 4.98% of the company’s 713,994 shares of common stock outstanding as of August 19, 2026.
What voting and dispositive powers does Joseph Reda report over XXII shares?
Joseph Reda reports 35,628 shares under both sole and shared voting power and 35,628 shares under both sole and shared dispositive power. In total, he reports beneficial ownership of 71,256 shares of 22nd Century Group common stock.
What is the total share count of 22nd Century Group (XXII) used in this Schedule 13G?
The ownership percentages are calculated using 713,994 shares of 22nd Century Group common stock outstanding. This figure was verified with the issuer on August 19, 2026 and underlies the reported 9.97% and 4.98% stakes.
Do the reporting persons admit to being a group with respect to 22nd Century Group (XXII) stock?
No. The reporting persons expressly state that the filing should not be construed as an admission that they are a group or beneficial owners for Section 13(d) or 13(g) purposes, despite making a joint Schedule 13G filing.
Who are the reporting persons in this Schedule 13G for 22nd Century Group (XXII)?
The reporting persons are Joseph Reda and SEG Opportunity Fund, LLC, a New York limited liability company. Mr. Reda is the manager of SEG and may be deemed to beneficially own securities beneficially owned by SEG.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
22nd Century Group, Inc.
(Name of Issuer)
Common Stock, $0.00001 par value per share
(Title of Class of Securities)
90137F707
(CUSIP Number)
08/19/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
90137F707
1
Names of Reporting Persons
Joseph Reda
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
35,628.00
6
Shared Voting Power
35,628.00
7
Sole Dispositive Power
35,628.00
8
Shared Dispositive Power
35,628.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
71,256.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.97 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: (1) Based on 713,994 shares of Common Stock of the Issuer outstanding as verified with the Issuer on August 19, 2026.
SCHEDULE 13G
CUSIP Number(s):
90137F707
1
Names of Reporting Persons
SEG Opportunity Fund, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
35,628.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
35,628.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
35,628.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.98 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: (1) Based on 713,994 shares of Common Stock of the Issuer outstanding as verified with the Issuer on August 19, 2026.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
22nd Century Group, Inc.
(b)
Address of issuer's principal executive offices:
321 Farmington Road Mocksville, North Carolina 27028
Item 2.
(a)
Name of person filing:
This statement is jointly filed by and on behalf of each of Joseph Reda and SEG Opportunity Fund, LLC, a New York limited liability company ("SEG", and together with Mr. Reda, "Reporting Persons"). Mr. Reda is the manager of, and may be deemed to beneficially own securities beneficially owned by, SEG. SEG is the record and direct beneficial owner of the shares of Common Stock of the Issuer covered by this statement.
Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.
Each Reporting Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purpose of Section 13(d) or 13(g) of the Act. Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purpose of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
(b)
Address or principal business office or, if none, residence:
For Joseph Reda:
1324 Manor Circle Pelham, NY 10803
For SEG Opportunity Fund, LLC:
135 Sycamore Drive Roslyn, NY 11576
(c)
Citizenship:
Joseph Reda is a citizen of the United States. SEG is a New York limited liability company.
(d)
Title of class of securities:
Common Stock, $0.00001 par value per share
(e)
CUSIP Number(s):
90137F707
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See Item 9 on the cover pages(s) hereto.
(b)
Percent of class:
See Item 11 on the cover page(s) hereto.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Item 5 on the cover pages hereto.
(ii) Shared power to vote or to direct the vote:
See Item 6 on the cover pages hereto.
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 on the cover pages hereto.
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 on the cover pages hereto.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
