Company: SHPH
Filing Date: 2025-01-15
Form Type: S-1
Source: 0001493152-25-002253
Chunk: 63

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-01-15
Form: S-1
Chunk 63
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 5,919,042 |   |     | $    |  4,609,558 |   |
| Loss from operations                                           |     | $                   | (5,892,382 | ) |     | $             | (2,343,826 | ) |     | $                         | (5,919,042 | ) |     | $    | (4,609,558 | ) |
| Other income (expense)                                         |     | $                   |   (700,341 | ) |     | $             | (2,652,243 | ) |     | $                         | (1,627,286 | ) |     | $    |   (342,665 | ) |
| Net loss                                                       |     | $                   | (6,592,723 | ) |     | $             | (4,996,069 | ) |     | $                         | (7,546,328 | ) |     | $    | (4,952,223 | ) |
| Weighted average common shares outstanding – basic and diluted |     |                     |  1,886,275 |   |     |               |  1,337,742 |   |     |                           |  2,189,366 |   |     |      |  1,820,006 |   |
| Net loss per share – basic and diluted                         |     | $                   |      (3.53 | ) |     | $             |      (5.04 | ) |     | $                         |      (3.45 | ) |     | $    |      (2.72 | ) |

| 43 |

<div align='center'>PRIVATE PLACEMENT OF THE SENIOR SECURED CONVERTIBLE NOTES AND WARRANTS</div>

In October 2024, we entered into securities purchase agreements (the “Purchase Agreements”) with the selling stockholders (the “Lenders” and each a “Lender”) and consummated the sale to such Investors of senior secured convertible notes (the “Convertible Notes”) for the total principal amount of $831,579, bearing interest at 14.5% per annum, and warrants (the “Warrants”) to purchase 329,461 shares of our common stock at a weighted-average exercise price of $1.42 per share.

The Convertible Note was sold with a 5% original issue discount. As such, the Lenders paid for the Convertible Note by delivering $790,000