Company: PTPI
Filing Date: 2025-02-14
Form Type: S-1/A
Source: 0001410578-25-000137
Chunk: 86

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-02-14
Form: S-1/A
Chunk 86
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closure Notice that its acceptance of the Foreclosed Collateral would only constitute satisfaction of $2,000,000 worth of the Obligations and would not include any other amounts outstanding under the Promissory Note, the Settlement Agreement, or the Security Agreement, including but not limited to (i) all interest accrued or at any time accruing thereon and (ii) all other sums recoverable by Vivus from Metuchen by virtue of the Obligations (the “Vivus Settlement”). On December 13, 2024, Metuchen accepted and agreed to the Foreclosure Notice.

The following unaudited pro forma condensed consolidated financial information present financial information of the Company after giving effect to Vivus Adjustments. The unaudited pro forma condensed consolidated financial information has been prepared in accordance with Article 11 of Regulation S-X, Pro Forma Financial Information, as amended by the final rule, Release No. 33-10786 “Amendments to Financial Disclosures about Acquired and Disposed Business”.

The unaudited pro forma condensed consolidated statements of operations for nine months ended September 30, 2024, present the historical consolidated statements of operations of the Company for the nine months ended September 30, 2024, on a pro forma basis after giving effect to Vivus Adjustments. The unaudited pro forma condensed consolidated financial information has been prepared for illustrative purposes only and are not necessarily indicative of the financial position or results of operations in future periods or the results that actually would have been realized after giving effect to Vivus Adjustments.

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Petros Pharmaceuticals, Inc. Consolidated Balance Sheets

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 September 30, 
 2024          
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 Reclass LT      
 Promissory Note 
 (Unaudited)     
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 Vivus       
 Foreclosure 
 Agreement   
 (Unaudited) 
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