Core Insights - 22nd Century Group Inc. shares surged 39.07% in pre-market trading to $2.10 following a $9.5 million insurance settlement that resolves business interruption claims from the Grass Valley incident in November 2022 [1][2] Financial Position - The settlement signifies a pivotal moment for the company, which is now debt-free, with CEO Larry Firestone stating that the balance sheet has been cleaned up over the past 22 months [2] - The company aims to achieve profitability by 2026, transitioning from survival capital to growth capital, focusing on expanding distribution for its VLN-branded products and partnerships [2] Settlement Details - The insurers are required to pay the $9.5 million settlement within 45 days of the agreement's effective date [3] Market Performance - The stock reached a one-month peak of $1.97 on September 19 but closed at $1.51, reflecting a decline of approximately 23.35% from that high [4] - Over the past year, the stock has seen a dramatic loss of 99.82%, with a 52-week trading range of $1.51 to $978.08 [4] - The company's market capitalization is currently $5.71 million, with an average daily trading volume of 1.19 million shares [4] Price Action - On the last trading day, the stock closed at $1.51, down 4.43% [5] - Benzinga's Edge Stock Rankings indicate a negative price trend for XXII across all time frames [5]

Core Insights - Flow Capital Corp. has made $1.5 million in follow-on investments to a Canadian fintech SaaS company over the last 6 months, bringing its total aggregate investment to $3.4 million [1][2] Investment Strategy - The additional funding aims to build on the existing momentum of the portfolio company, support cross-border expansion, and drive growth [2] - Flow Capital focuses on providing fast access to growth capital for high-growth SaaS companies, inviting them to apply for funding through their website [3] Company Overview - Flow Capital Corp. is a publicly listed growth venture debt lender established in 2018, dedicated to supporting high-growth companies in the U.S., U.K., and Canada [4] - The company provides financing ranging from $2 million to $10 million, enabling businesses to achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans [4]