Company: PTPI
Filing Date: 2025-02-19
Form Type: 424B4
Source: 0001410578-25-000164
Chunk: 229

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-02-19
Form: 424B4
Chunk 229
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 fair value of the warrant liability which is recorded in other income (expense) on the Statements of Operations. The fair value of the Warrants of $7,570,000 was estimated at December 31, 2023, prior to the effective date of the Warrant Amendment, utilizing the Black Scholes Model using the following weighted average assumptions: dividend yield 0%; remaining term of 4.53 years; equity volatility of 115.0%; and a risk-free interest rate of 3.88%. As a result of the Warrant Amendment, the Company reclassified the remaining fair value of the Warrants of $7,570,000 to additional paid-in capital. The following is a summary of warrants for the years ended December 31, 2023, and 2022:

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 Number of Warrants | ​ 
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 Weighted-Average 
 Exercise Price   |      ​ 
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        Remaining 
 Contractual Term | ​ 
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 Aggregate   
 Intrinsic   
 Value ($ in 
 thousands)  | ​ |
|:-----------------------------------------|:--|-------------------:|:--|:-----------------|-------:|:--|-----------------:|:--|:------------|:--|
| Warrants outstanding - December 31, 2021 |   |          1,004,115 | ​ | $                | 105.85 | ​ |              4.5 | ​ | $           | — |
| Warrants issued in 2022                  |   |                  — | ​ | ​                |      — | ​ |                — | ​ | ​           | — |
| Warrants outstanding - December 31, 2022 | ​ |          1,004,115 | ​ | $                | 105.85 | ​ |              3.5 | ​ | $           | — |
| Warrants issued in 2023                  | ​ |          7,200,002 | ​ | ​                |   2.25 | ​ |                ​ | ​ | ​           | ​ |
| Warrants expired in 2023                 | ​ |               -278 | ​ | ​