Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 483

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 483
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 Unissued shares subject to awards that expire, are forfeited, or are cancelled will again become available for issuance under the Amended and Restated 2023 Plan. |

| (2) | As of May 23, 2025. |

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### SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT OF LNHC
As of May 23, 2025, LNHC had 100 shares of common stock issued and outstanding, all of which were owned by Ligand. None of LNHC’s directors or executive officers own any shares of common stock of LNHC.

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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT OF THE COMBINED COMPANY The following table sets forth certain information regarding beneficial ownership of the combined company common stock immediately after consummation of the Merger, assuming the consummation of the Merger, including the PIPE Financing, occurred on May 23, 2025 for:

| • | each person or group of affiliated persons expected by Channel and LNHC to become the beneficial owner of more than 5% of the combined company common stock; |

| • | each person expected to be a named executive officer of the combined company; |

| • | each person expected to be a director of the combined company; and |

| • | all of the combined company’s expected directors and executive officers as a group. |

Beneficial ownership in accordance with the rules of the SEC, and thus it represents sole or shared voting or investment power with respect to LNHC’s securities. Unless otherwise indicated below, to LNHC’s knowledge, the persons and entities named in the table have sole voting and sole investment power with respect to all shares that they beneficially owned, subject to community property laws where applicable. The information does not necessarily indicate beneficial ownership for any other purpose, including for purposes of Sections 13(d) and 13(g) of the Exchange Act. The percentage of beneficial ownership is calculated based on 88,350,866 shares of common stock expected to be outstanding upon consummation of the Merger and the closing of the PIPE Financing. The number of shares beneficially owned includes shares of common stock that each person has the right to acquire within 60 days of May 23, 2025, including upon the exercise of stock options. These stock options shall be deemed to be outstanding for the purpose of computing the percentage of outstanding shares