Company: SXTPW
Filing Date: 2025-08-27
Form Type: DEF 14A
Source: 0001213900-25-080878
Chunk: 51

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-08-27
Form: DEF 14A
Chunk 51
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 the Annual Meeting any time
prior to the one-year anniversary of the meeting.

Reasons for a Reverse Stock Split

Maintaining our Listing on Nasdaq

The primary purpose of the Reverse Stock Split
is to raise the per share trading price of our common stock in order to maintain our listing on The Nasdaq Capital Market. Delisting from
Nasdaq may adversely affect our ability to raise additional financing through the public or private sale of our equity securities, may
significantly affect the ability of investors to trade in our securities and may negatively affect the value and liquidity of our common
stock. Delisting may also have other negative impacts, including potential loss of employee confidence, the loss of institutional investors,
the loss of analyst coverage or the loss of business development opportunities.

Potentially Improving the Marketability and Liquidity of our Common Stock

The Board believes that an increased stock price
may also improve the marketability and liquidity of our common stock. For example, many brokerages, institutional investors and funds
have internal policies that either prohibit them from investing in low-priced stocks or tend to discourage individual brokers from recommending
low-priced stocks to their customers by restricting or limiting the ability to purchase such stocks on margin. Additionally, investors
may be dissuaded from purchasing stocks below certain prices because brokers’ commissions, as a percentage of the total transaction
value, can be higher for low-priced stocks.

Decreasing the Risk of Market Manipulation of our Common Stock

The Board believes that the potential increase
in stock price may reduce the risk of market manipulation of our common stock, which we believe is enhanced when our stock trades below
$1.00 per share. By reducing market manipulation risk, we may also thereby potentially decrease the volatility of our stock price.

Providing us the Ability to Issue Additional Securities

A Reverse Stock Split is expected to increase
the number of authorized, but unissued and unreserved, shares of our common stock. These additional shares would provide flexibility to
us for raising capital; repurchasing debt; providing equity incentives to employees, officers, directors, consultants and advisors (including
pursuant to our equity compensation plan); expanding our business through the acquisition of other businesses and for other purposes.
However, at present, we do not have any specific plans, arrangements, understandings or commitments for the additional shares that would
become available.

Accordingly, for these and other reasons, the
Board believes that a Reverse Stock Split is in the best interests of us and our stockholders. A