Company: PTPI
Filing Date: 2025-02-14
Form Type: S-1/A
Source: 0001410578-25-000137
Chunk: 266

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-02-14
Form: S-1/A
Chunk 266
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 installment, to CorProminence, LLC (“CoreIR”) for services rendered pursuant to a Marketing and Consulting Agreement. The first installment of 70,922shares was issued on February 29, 2024. The second installment of 245,158shares was issued on June 21, 2024. On January 5, 2024, the Company executed an advisory agreement (“Maxim Agreement”) with Maxim Group LLC (“Maxim”) that included the issuance of $ 10,000of the Company’s restricted common stock per month and issued every six months starting upon the execution of the agreement. The first installment of 6,906shares was issued on January 5, 2024. The second installment of 136,986shares was issued on August 13, 2024. On August 20, 2024, the Company delivered written notice of termination of the Maxim Agreement, effective September 30, 2024. Accordingly, the Maxim Agreement terminated in accordance with its terms on September 30, 2024.

10) Stock Options

The following is a summary of stock options for the nine months ended September 30, 2024:

| ​                                         
 ​                                         
 ​                                         
 ​                                         
 ​                                         | ​ 
 ​ 
 ​ 
 ​ |         ​ 
         ​ 
         ​ 
 Number of 
    Shares | ​ 
 ​ 
 ​ | ​              
 ​              
 Weighted-      
 Average        
 Exercise Price |    ​ 
    ​ | ​ 
 ​ 
 ​ |                ​ 
 Weighted-Average 
        Remaining 
      Contractual 
     Term (Years) | ​ 
 ​ 
 ​ | ​                   
 ​                   
 Aggregate Intrinsic 
 Value               
 ($ in thousands)    |  ​ 
  ​ |
|:------------------------------------------|:--|----------:|:--|:---------------|-----:|:--|-----------------:|:--|:--------------------|---:|
| Options outstanding at December 31, 2023  |   |   509,133 | ​ | $              | 4.75 | ​ |             9.46 | ​ | $                   | 66 |
| Options granted                           |   |         — | ​ | ​              |    — | ​ |                — | ​ | ​                   |  — |
| Less: options forfeited                   |   |         — | ​ | ​              |    — | ​ |                — | ​ | ​                   |  — |
| Less: options expired