Company: PTHS
Filing Date: 2025-05-09
Form Type: PREM14C
Source: 0001140361-25-018219
Chunk: 504

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-09
Form: PREM14C
Chunk 504
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 interest and $127,426 in unamortized debt discount on the note. Interest expense totaled $19,418 for the year ended December 31, 2024, compared to $0 for year ended December 31, 2023. The Company recognized $86,390 and $0, respectively, of amortization of debt discount included in interest expense on the statements of operations for the years ended December 31, 2024 and 2023. As of December 31, 2024 there as $726,212 in outstanding principal on this note.

#### Waiver of Exchange Cap
On October 22, 2024, the affirmative vote of a majority of the outstanding shares of Common Stock present in person, by remote communication, if applicable, or represented by proxy at the Annual Meeting approved the waiver of the Exchange Cap in connection with the July Note and the CEF Purchase Agreement.

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TABLE OF CONTENTS

Outstanding Principal on Notes Schedule of Outstanding Principal on Notes

| Loan Payable                  |     | Outstanding 
   Principal |     |   Unamortized 
 Debt Discount |     |       Outstanding 
 Principal, net of 
     Debt Discount |
| May Promissory Note           |     |  $1,455,416 |     |            $— |     |        $1,455,416 |
| Convertible Note              |     |     726,212 |     |      -127,426 |     |           598,786 |
| Total as of December 31, 2024 |     |  $2,181,628 |     |    $(127,426) |     |        $2,054,202 |

| Loan Payable                  |     | Outstanding 
   Principal |     |   Unamortized 
 Debt Discount |     |       Outstanding 
 Principal, net of 
     Debt Discount |
| Investor Note                 |     |    $205,008 |     |        -2,729 |     |          $202,279 |
| Total as of December 31, 2023 |     |    $205,008 |     |      $(2,729) |     |          $202,279 |

| Investor Loan                 |     | Outstanding 
   Principal |     |   Unamortized 
 Debt Discount |     |       Outstanding 
 Principal, net of 
     Debt Discount |
| Investor Note                 |     |    $450,000 |     |