Company: PTHS
Filing Date: 2025-05-09
Form Type: PREM14C
Source: 0001140361-25-018219
Chunk: 89

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-09
Form: PREM14C
Chunk 89
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 our technologies, potentially without falling within the scope of Channel’s current or future issued claims, thus not infringing its intellectual property rights; |

| • | it is possible that Channel’s filed or future patent applications will not lead to issued patents; |

| • | issued patents to which Channel currently holds rights or to which Channel may hold rights in the future may be held invalid or unenforceable, including as a result of legal challenges by our competitors; |

| • | others may have access to any future intellectual property rights licensed to Channel on a non-exclusive basis; |

| • | Channel’s competitors might conduct research and development activities in countries where it has or intend to pursue patent rights, and then use the information learned from such activities to develop competitive products for sale in its major commercial markets where Channel does not have patent rights; |

| • | Channel may not develop additional proprietary technologies that are patentable; |

| • | the patents or other intellectual property rights of others may have an adverse effect on Channel’s business; and |

| • | Channel may choose not to file a patent application covering certain of our trade secrets or know-how, and a third party may subsequently file a patent covering such intellectual property. |

Should any of these events occur, they could significantly harm Channel’s business, financial condition, results of operations and prospects. If Channel is unable to protect the confidentiality of its trade secrets, its business and competitive position would be harmed. Channel’s reliance on third parties requires it to share its trade secrets, which increases the possibility that a competitor will discover them or that its trade secrets will be misappropriated or disclosed. In addition to patent protection, Channel also relies on the protection of trade secrets, know-how and confidential and proprietary information. The disclosure of its trade secrets would impair its competitive position and could harm its business. However, trade secrets are difficult to protect. To maintain the confidentiality of trade secrets and proprietary information, Channel relies in part on confidentiality agreements with its employees, consultants, outside scientific collaborators, sponsored researchers, and/or other advisors, and inventions agreements with employees, consultants, and advisors, to protect its trade secrets and other proprietary information. These agreements require that all confidential information developed by the individual or made known to the individual by Channel during the course of the individual’s relationship with it be kept confidential and not disclosed to third parties. Channel’s agreements with employees and consultants also provide that inventions conceived by the individual in the course of rendering services to Channel will be its exclusive property. Despite these efforts, Channel cannot provide any