Company: PTPI
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001104659-25-025104
Chunk: 48

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 48
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 | an                                                                                         
 estate the income of which is subject to U.S. federal income tax regardless of its source; 
 or                                                                                         |

| · | a                                                                                         
 trust (A) if a U.S. court is able to exercise primary supervision over the administration 
 of the trust and one or more “U.S. persons” (as                                           
 defined in the Code) have the authority to control all substantial decisions of the trust 
 or (B) that has a valid election in effect to be treated as a U.S. person.                |

In general, no gain or loss
should be recognized by a stockholder upon the exchange of pre-Reverse Stock Split Common Stock for post-Reverse Stock Split Common Stock.
The aggregate tax basis of the post-Reverse Stock Split Common Stock should be the same as the aggregate tax basis of the pre-Reverse
Stock Split Common Stock exchanged in the Reverse Stock Split. A stockholder’s holding period in the post-Reverse Stock Split Common
Stock should include the period during which the stockholder held the pre-Reverse Stock Split Common Stock exchanged in the Reverse Stock
Split.

As noted above, we will
not issue fractional shares of Common Stock in connection with the Reverse Stock Split. In certain circumstances, stockholders who would
be entitled to receive fractional shares of Common Stock because they hold a number of shares not evenly divisible by the Reverse Stock
Split ratio will automatically be entitled to receive an additional fraction of a share of Common Stock to round up to the next whole
post-Reverse Stock Split share of Common Stock. The U.S. federal income tax consequences of the receipt of such an additional fraction
of a share of Common Stock is not clear.

The tax treatment of a stockholder
may vary depending upon the particular facts and circumstances of such stockholder. Each stockholder is urged to consult with such stockholder’s
own tax advisor with respect to the tax consequences of the Reverse Stock Split.

Required Vote

The affirmative vote of
the holders of majority of the votes cast by stockholders present by virtual attendance or represented by proxy at the Special
Meeting and entitled to vote on the Reverse Stock Split Proposal is required to approve the Reverse Stock Split Proposal.
“ABSTAIN” votes will have no effect on the Reverse Stock Split Proposal. Because the Reverse Stock Split Proposal is
considered a routine matter, your bank, broker, trustee or other nominee, as the case may be, may vote your shares without your
instruction with respect to the Reverse Stock Split Proposal unless you instruct