Company: PTPI
Filing Date: 2025-03-07
Form Type: PRE 14A
Source: 0001104659-25-021794
Chunk: 71

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-07
Form: PRE 14A
Chunk 71
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 stockholders; however, to the extent that the additional authorized shares of Common Stock are issued in the future,
including in connection with issuances pursuant to the Certificate of Designations and the Warrants and future capital raising transactions
or strategic transactions, such issuance may decrease existing stockholders’ percentage equity ownership and, depending upon the
effective conversion price of the Series A Preferred Stock or exercise price of the Warrants, as the case may be, or the price of
which they are issued, could be dilutive to existing stockholders and have a negative effect upon the market price of the Common Stock.
Our stockholders do not have preemptive rights, which means they do not have the right to purchase shares in any future issuance of Common
Stock in order to maintain their proportionate ownership of Common Stock.

Anti-Takeover Effects

The increased proportion
of unissued authorized shares, compared to issued shares could, under certain circumstances, have an anti-takeover effect (for example,
by permitting issuances that would dilute the stock ownership of a person seeking to effect a change in the composition of our Board
or contemplating a tender offer or other transaction for our combination with another company). However, the Share Increase Amendment
is not being proposed in response to any effort of which we are aware to accumulate shares of our Common Stock or obtain control of our
Company, nor is it part of a plan by management to recommend a series of similar amendments to our Board and stockholders.

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Timing of Proposed Amendment

If this proposal is approved
by the stockholders, the Board will have the authority to file the Share Increase Amendment with the office of the Secretary of State
of Delaware to implement the increase in the authorized number of shares of Common Stock and corresponding change to the number of authorized
shares of capital stock. The actual timing for implementation of the Share Increase Amendment would be determined by the Board based
upon its evaluation as to when such action would be most advantageous to the Company and its stockholders. Notwithstanding approval of
this proposal by our stockholders, the Board will have the sole authority to elect whether or not and when to amend the Charter to effect
the Share Increase Amendment. If the Board should decide to file the Share Increase Amendment with the office of the Secretary of State
of Delaware, the Share Increase Amendment would become effective on the date it is filed.

Interests of Certain Persons

When you consider our Board’s
recommendation to vote in favor of this proposal, you should