Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 562

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 562
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5 and 2024, respectively. The Company had no impairment of goodwill or intangible assets. Other long-term assets consisted of the following: Other long-term assets as of March 31, 2025 and December 31, 2024, are comprised of finished products (berdazimer gel, 10.3%). These finished products, while not currently available for commercial sale due to the different labeling utilized, the Company expects to use these units in the future as part of a patient assistance program. These items will be expensed when distributed. Accrued expenses consisted of the following:

|                                          |     | March 31, 
      2025 |     | December 31, 
         2024 |
|:-----------------------------------------|:----|----------:|:----|-------------:|
| Compensation                             |     |      $448 |     |       $1,095 |
| Drug product manufacturing subcontractor |     |       600 |     |          353 |
| Other                                    |     |       583 |     |          593 |
| Total accrued expenses                   |     |    $1,631 |     |       $2,041 |

Note 7: Leases On January 18, 2021, the Company entered into a lease with an initial term expiring in 2032, as amended for 19,265 rentable square feet, located in Durham, North Carolina. This lease dated as of January 18, 2021, as amended (the “TBC Lease”), is by and between the Company and Copper II 2020, LLC (the “TBC Landlord”), pursuant to which the Company is leasing space serving as its corporate headquarters and primary API manufacturing site (the “Premises”) located within the Triangle Business Center. The lease executed on January 18, 2021, as amended, was further amended on November 23, 2021 to expand the Premises by approximately 3,642 additional rentable square feet from 15,623 rentable square feet. The TBC Lease commenced on January 18, 2021 (the “Lease Commencement Date”). Rent under the TBC Lease commenced in October 2021 (the “Rent Commencement Date”). The term of the TBC Lease expires on the last day of the 123 calendar month after the Rent Commencement Date. The TBC Lease provides the Company with one option to extend the term of the TBC Lease for a period of