Company: SXTPW
Filing Date: 2025-07-07
Form Type: S-1
Source: 0001213900-25-061842
Chunk: 58

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-07-07
Form: S-1
Chunk 58
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of the DGCL regulating corporate takeovers. This statute prevents certain Delaware corporations, under certain circumstances, from engaging
in a “business combination” with:

| ● | a stockholder who owns 15% or more of our outstanding voting stock (otherwise known as an “interested stockholder”); |

| ● | an affiliate of an interested stockholder; or |

| ● | an associate of an interested stockholder, for three years following the date that the stockholder became an interested stockholder. |

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A “business combination” includes
a merger or sale of more than 10% of our assets. However, the above provisions of Section 203 do not apply if:

| ● | our Board approves the transaction that made the stockholder an “interested stockholder,” prior to the date of the transaction; or |

| ● | after the completion of the transaction that resulted in the stockholder becoming an interested stockholder, that stockholder owned at least 85% of our voting stock outstanding at the time the transaction commenced, other than statutorily excluded shares of common stock. |

Potential Effects of Authorized but Unissued Stock

Our shares of common and preferred stock are available
for future issuance without stockholder approval. We may utilize these additional shares for a variety of corporate purposes, including
future public offerings to raise additional capital, to facilitate corporate acquisitions, payment as a dividend on the capital stock
or as equity compensation to our service providers under our equity compensation plans.

The existence of unissued and unreserved common
stock and preferred stock may enable our Board to issue shares to persons friendly to current management or to issue preferred stock with
terms that could render more difficult or discourage a third-party attempt to obtain control by means of a merger, tender offer, proxy
contest or otherwise, thereby protecting the continuity of our management. In addition, our Board has the discretion to determine designations,
rights, preferences, privileges and restrictions, including voting rights, dividend rights, conversion rights, redemption privileges and
liquidation preferences of each series of preferred stock, all to the fullest extent permissible under the Delaware General Corporation
Law and subject to any limitations set forth in our Certificate of Incorporation. The purpose of authorizing the Board to issue preferred
stock and to determine the rights and preferences applicable to such preferred stock is to eliminate delays associated with a stockholder
vote on specific issuances. The issuance of preferred stock, while providing desirable flexibility in connection with possible financings,
acquisitions and other