Company: SXTPW
Filing Date: 2025-01-30
Form Type: 424B5
Source: 0001213900-25-008098
Chunk: 76

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-01-30
Form: 424B5
Chunk 76
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 likelihood that stockholders will receive dividend payments and payments upon our liquidation, dissolution or winding up. The issuance of preferred stock could also have the effect of delaying, deferring or preventing a change in control of us.

Section 203 of the Delaware General Corporation Law

We are subject to the provisions of Section 203 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. |

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