Company: PTPI
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001104659-25-025104
Chunk: 45

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 45
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 Plan, in order to comply with the requirements of Sections 409A and 424 of the Code.          |

Effective Time of the Reverse Stock Split

If the Reverse Stock Split
Proposal is approved by our stockholders, the Reverse Stock Split would become effective, if at all, when the Reverse Stock Split Charter
Amendment is accepted and recorded by the office of the Secretary of State of the State of Delaware. However, notwithstanding approval
of the Reverse Stock Split Proposal by our stockholders, the Board will have the sole authority to elect whether or not and when to amend
our Charter to effect the Reverse Stock Split.

Exchange of Share Certificates

If the Reverse Stock Split
is effected, each certificate representing pre-Reverse Stock Split shares of Common Stock will be deemed for all corporate purposes to
evidence ownership of post-Reverse Stock Split Common Stock at the effective time of the Reverse Stock Split. As soon as practicable after
the effective time of the Reverse Stock Split, our transfer agent, Pacific Stock Transfer Co., will mail a letter of transmittal to the
Company’s stockholders containing instructions on how a stockholder should surrender its, his or her certificate(s) representing
pre-Reverse Stock Split shares of Common Stock to our transfer agent in exchange for certificate(s) representing post-Reverse Stock
Split shares of Common Stock. No certificate(s) representing post-Reverse Stock Split shares of Common Stock will be issued to a
stockholder until such stockholder has surrendered all certificate(s) representing pre-Reverse Stock Split shares of Common Stock,
together with a properly completed and executed letter of transmittal, to our transfer agent. No stockholder will be required to pay a
transfer or other fee to exchange its, his or her certificate(s) representing pre-Reverse Stock Split shares of Common Stock for
certificate(s) representing post-Reverse Stock Split shares of Common Stock registered in the same name.

Stockholders who hold uncertificated
shares of Common Stock electronically in “book-entry” form will have their holdings electronically adjusted by our transfer
agent (and, for beneficial owners, by their brokers or banks that hold in “street name” for their benefit, as the case may
be) to give effect to the Reverse Stock Split. If any certificate(s) or book-entry statement(s) representing pre-Reverse Stock
Split shares of Common Stock to be exchanged contain a restrictive legend or notation, as applicable, the certificate(s) or book-entry
statement(s) representing post-Reverse Stock Split shares