Company: PTPI
Filing Date: 2025-03-07
Form Type: PRE 14A
Source: 0001104659-25-021794
Chunk: 45

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-07
Form: PRE 14A
Chunk 45
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 fewer shares of Common Stock outstanding. The Common Stock held in treasury will be reduced
in proportion to the Reverse Stock Split ratio. The Company does not anticipate that any other accounting consequences, including changes
to the amount of stock-based compensation expense to be recognized in any period, will arise as a result of the Reverse Stock Split.

Certain U.S. Federal Income Tax Consequences of the Reverse Stock Split

The following is a discussion
of certain material U.S. federal income tax consequences of the Reverse Stock Split. This discussion is included for general information
purposes only and does not purport to address all aspects of U.S. federal income tax law that may be relevant to stockholders in light
of their particular circumstances. This discussion is based on the Internal Revenue Code of 1986, as amended (the “Code”)
and current Treasury Regulations, administrative rulings and court decisions, all of which are subject to change, possibly on a retroactive
basis, and any such change could affect the continuing validity of this discussion.

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All stockholders are urged
to consult with their own tax advisors with respect to the tax consequences of the Reverse Stock Split. This discussion does not address
the tax consequences to stockholders that are subject to special tax rules, such as banks, insurance companies, regulated investment
companies, personal holding companies, foreign entities, partnerships, nonresident alien individuals, broker-dealers and tax-exempt entities,
persons holding shares as part of a straddle, hedge, conversion transaction or other integrated investment, U.S. holders (as defined
below) subject to the alternative minimum tax or the unearned income Medicare tax and U.S. holders whose functional currency is not the
U.S. dollar. This summary also assumes that the pre-Reverse Stock Split shares of Common Stock were, and the post-Reverse Stock Split
shares of Common Stock will be, held as a “capital asset,” as defined in Section 1221 of the Code.

As used herein, the term
“U.S. holder” means a holder that is, for U.S. federal income tax purposes:

| · | a                                         
 citizen or resident of the United States; |

| · | a                                                                                            
 corporation or other entity taxed as a corporation created or organized in or under the laws 
 of the United States, any state thereof or the District of Columbia;                         |

| · | an                                                                                         
 estate the income of which is subject to U.S. federal income tax regardless of its source