Company: SHPH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001493152-25-008300
Chunk: 477

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1C
Chunk 477
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 our risk management process, including risks arising from cybersecurity
threats. Our Board of Directors is responsible for monitoring and assessing strategic risk exposure, and our executive officers are responsible
for the day-to-day management of the material risks we face. Our Board of Directors administers its cybersecurity risk oversight function
directly as a whole, and we recently established a Cybersecurity Subcommittee to further enhance our cybersecurity oversight. Members
of the Cybersecurity Subcommittee are appointed by, and serve at the discretion of, the Board. The Cybersecurity Subcommittee consists
of two Board members, both of whom are independent.

Our
President and Chief Operating Officer is primarily responsible for assessing and managing material risks from cybersecurity threats on a day-to-day
basis.

Item
2. Properties

Facilities

Our
corporate headquarters are presently located in 401 Professional Drive, Suite 260, Gaithersburg, Maryland 20879 where we lease approximately
2,109 square feet of office and laboratory space (together, the “Laboratory Space”), which includes shared access to office
space and reception services. Our research and development activities are performed in the Laboratory Space. We entered into a lease
for the new Laboratory Space on June 1, 2023, and the lease has an initial term of 5.25 years and an option to extend for an additional
three years, with a monthly rent of $7,206 per month, subject to increase at the rate of 3% per year. All of such space is leased from
a non-affiliated third party.

We
believe that the above facilities are adequate for our current needs and have sufficient laboratory space to house additional scientists
as we grow.

Item
3. Legal Proceedings

Currently,
there are no legal proceedings pending or threatened against us. We are not presently party to any pending or other threatened legal
proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results,
although from time to time, we may become involved in legal proceedings in the ordinary course of business.

Item
4. Mine Safety Disclosures

Not
applicable.

54

PART
II

Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market
Information

Our
common stock commenced trading on the Nasdaq Capital Market, under the symbol “SHPH” on August 31, 2022. Prior to that time,
our common stock was not traded on