On Tuesday, Shares of 22nd Century Group Inc (NYSEMKT:XXII), added 2.67% and closed at $1.54 in the last trading session. The last trading range of the stock ranges between $1.45 and $1.71. 22nd Century Group, Inc. (NYSE MKT: XXII), a plant biotechnology company that is a leader in tobacco harm reduction, declared recently that warrants formerly issued by the Company to Crede CG III, Ltd. to purchase an aggregate of 2,250,000 shares of common stock of the Company expired on September 29, 2016, which resulted in a decrease of about 19.1% of the total number of shares of Company common stock purchasable by warrants. Further, as formerly stated, two separate Crede Warrants to purchase an aggregate of 2,000,000 additional shares of the Company’s common stock will expire without exercise because of Crede’s non-performance in a prior joint venture with the Company.
On September 29, 2014, the Company issued to Crede the now-expired Tranche 1A Warrant to purchase 1,250,000 shares of Company common stock at an exercise price of $3.36 per share and the now-expired Tranche 1B Warrant to purchase 1,000,000 shares of Company common stock at an exercise price of $2.5951 per share following the terms of a now-expired consulting agreement and subsequently terminated joint venture agreement with Crede. As formerly revealed, the Company remains in litigation with Crede in the United States District Court for the Southern District of New York (“SDNY”) regarding Crede’s claim for the issuance of shares of the Company’s common stock under an exchange provision of the Tranche 1A Warrant. On June 14, 2016, after hearing evidence on Crede’s claim, the SDNY Court denied Crede’s request for preliminary relief in the case to allow Crede to exercise its exchange rights, with the SDNY Court determining, among other things, that Crede had not proven a reasonable likelihood that it will prevail on its claims under the Tranche 1A Warrant. In addition, the Company has filed motions to dismiss certain of Crede’s claims and to transfer certain claims to the United States District Court for the Western District of New York located in Buffalo, where the Company’s headquarters are located. The Company intends to continue to vigorously defend itself in this case and is confident that it will prevail against Crede. If the case continues, the Company also intends to file counterclaims against Crede, against its principal, Terren Peizer, and against several Peizer associates, personally.
Walgreens Boots Alliance Inc (NASDAQ:WBA), dropped -0.17% and closed at $80.24 in the last trading session. The last trading range of the stock ranges between $80.03 and $81.49. The company’s Market capitalization is $86.59 Billion with the total Outstanding Shares of 1.08 million. Walgreens recently declared the launch of Beauty Enthusiast, a new beauty club within its Balance® Rewards loyalty program, which provides cardholders who register for Beauty Enthusiast with additional rewards on beauty and personal care items, in addition to other benefits.
Sign up is free, and Beauty Enthusiast members will receive 5,000 Balance Rewards points for every $50 spent on cosmetics, skin care, hair care, oral care, grooming, sun care, fragrance and bath product purchases*. Beauty Enthusiast members will have opportunities to receive free samples and will get exclusive promotions and coupons, in addition to special beauty offers, new product information and expert tips throughout the year. In addition, members will receive a one-time digital coupon for 20 times everyday points on any beauty purchase to welcome them to the club.
ING Groep NV (ADR)(NYSE:ING), jumped 0.41% and closed at $12.22 in the last trading session. The last trading range of the stock ranges between $12.16 and $12.32. During the 52-week trading session the minimum price at which share price traded, registered at $9.26 and reached to max level of $14.96. ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates through Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending, consumer lending, and lease products. It also provides mortgages; corporate, structured, and real estate financing services; financial markets products; and cash administration, transaction, and trade finance services, in addition to working capital solutions. It operates in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia.