Company: SHPH
Filing Date: 2025-02-27
Form Type: 424B3
Source: 0001493152-25-008474
Chunk: 107

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-02-27
Form: 424B3
Chunk 107
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10.48 | % |     |      |   10.48 | % |

Future non-cancelable minimum lease payments under the operating lease liability as of December 31, 2024, are as follows:

Schedule of Future Non-cancelable Minimum Lease Payments Under Operating Lease Liability

| Years ended December 31,            
 2025                                
 2026                                
 2027                                
 2028                                
 2029 and thereafter                 
 Total future minimum lease payments 
 Less: imputed interest              |     |   |  94,247 
  97,074 
  99,986 
  68,235 
       — 
 359,542 
 (60,545 | ) |
|:------------------------------------|:----|:--|--------:|:--|
| Present value of payments           |     | $ | 298,997 |   |

| F-16 |

Note 4 – Notes Payable-Related Party

On October 14, 2024, as part of the senior convertible note offering described in Note 5, the Company entered into a loan with an officer of the Company in the amount of $250,000 (principal) with an interest rate of 14.5% per annum due October 13, 2025, and warrants to purchase 100,382 shares of common stock at an exercise price of $1.40 per share. As of December 31, 2024, there was outstanding principal and interest balances for these related party notes of $250,000 and $7,955, respectively. Under the fair value option, the senior convertible note is $206,085 as of December 31, 2024.

On September 4, 2024, the Company issued a $250,000 promissory note (the “Promissory Note”) to an officer of the Company for $250,000. The Promissory Note accrues interest at 12% per annum and is repayable in 12 substantially equal installments over a period of one year. During the year ended December 31, 2024 the Company incurred $8,692 in interest expense relating to this Promissory Note. During the year ended December 31, 2024 the Company repaid principal and interest of $59,730 and $6,907, respectively.

Prior to December 31, 2022, the Company entered into a series of loans, which were subsequently consolidated and amended, with an officer of the Company and