Company: SXTPW
Filing Date: 2025-08-27
Form Type: DEF 14A
Source: 0001213900-25-080878
Chunk: 58

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-08-27
Form: DEF 14A
Chunk 58
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 exchange therefor.

In general, a U.S. holder who receives a cash
payment in lieu of a fractional share will recognize capital gain or loss equal to the difference between the amount of cash received
in lieu of the fractional share and the portion of the U.S. holder’s tax basis of the common stock surrendered in the Reverse Stock
Split that is allocable to the fractional share. Such gain or loss generally will be long-term capital gain or loss if the U.S. holder’s
holding period in its common stock surrendered in the Reverse Stock Split is more than one year as of the date of the Reverse Stock Split.
The deductibility of net capital losses by individuals and corporations is subject to limitations. Depending on a stockholder’s
individual facts and circumstances, it is possible that cash received in lieu of a fractional share could be treated as a distribution
under Section 301 of the Code, so stockholders should consult their own tax advisors as to that possibility and the resulting tax consequences
to them in that event.

U.S. holders that have acquired different blocks
of our common stock at different times or at different prices are urged to consult their own tax advisors regarding the allocation of
their aggregated adjusted basis among, and the holding period of, our common stock.

Information returns generally will be required
to be filed with the IRS with respect to the payment of cash in lieu of a fractional share made pursuant to the Reverse Stock Split unless
such U.S. holder is an exempt recipient and timely and properly establishes with the applicable withholding agent the exemption. In addition,
payments of cash in lieu of a fractional share made pursuant to the Reverse Stock Split may, under certain circumstances, be subject to
backup withholding, unless a U.S. holder timely provides to the applicable withholding agent proof of an applicable exemption or a correct
taxpayer identification number, and otherwise complies with the applicable requirements of the backup withholding rules. Any amounts withheld
under the backup withholding rules are not additional tax and may be refunded or credited against the U.S. holder’s U.S. federal
income tax liability, provided that the U.S. holder timely furnishes the required information to the IRS. U.S. holders should consult
their tax advisors regarding their qualification for an exemption from backup withholding and the procedures for obtaining such an exemption.

Accounting Consequences

The par value per share of our common stock will
remain unchanged at $0.0001 per share following a Reverse Stock Split. As a result, as of the Effective Date, the stated capital