Company: SXTPW
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-003353
Chunk: 249

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: S-1/A
Chunk 249
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 of the Company’s common stock on the Nasdaq Capital Market on the date that the options are granted. Options granted generally have a term of five to ten years from the grant date and are subject to vesting as determined in the individual award agreement. The Company estimates the fair value of stock options on the grant date by applying the Black-Scholes option pricing valuation model.

The following table summarizes the significant assumptions used in determining the fair value of options granted or modified during the years ended December 31, 2024 and 2023:

|                                        |     |   |           2024 |   |     |   |   2023 |   |
|:---------------------------------------|:----|:--|---------------:|:--|:----|:--|-------:|:--|
| Weighted-average grant date fair value |     | $ |           8.78 |   |     | $ | 189.60 |   |
| Risk-free interest rate                |     |   |   3.62% – 4.17 | % |     |   |   4.33 | % |
| Expected volatility                    |     |   | 86.00% – 87.00 | % |     |   | 110.00 | % |
| Expected term (years)                  |     |   |   6.41 – 10.00 |   |     |   |   3.18 |   |
| Expected dividend yield                |     |   |           0.00 | % |     |   |   0.00 | % |

F-31

The following table summarizes the Company’s stock option activities during the year ended December 31, 2024:

|                                                   |     | Number of 
 Options   |        |     | Weighted 
 Average  
 Exercise 
 Price    |        |     | Aggregate 
 Intrinsic 
 Value     |   |     | Weighted         
 Average          
 Remaining        
 Contractual Life 
 (Years)          |       |
|:--------------------------------------------------|:----|:----------|-------:|:----|:---------|-------:|:----|:----------|:--|:----|:-----------------|------:|
| Options outstanding, December 31, 2023            |     |           |    632 |     | $        | 318.00 |     | $         | - |     |                  |  4.53 |
| Granted                                           |