Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 278

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 278
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 change in the name of the company, if the proposed amendment to the articles of incorporation consists of more than a change in the name of the company. A copy of the Name Change Charter Amendment is attached as Annex C to this information statement.

#### Effect of the Name Change Charter Amendment
The filing of the Name Change Charter Amendment will be subject to the consummation of the Transactions. Upon filing of the Name Change Charter Amendment with the Secretary of State of the State of Nevada, the name of Channel will change to “Pelthos Therapeutics Inc.”

Other than the approval of the Channel board of directors, stockholder approval, notification to NYSE American, the filing of the Name Change Charter Amendment with the Secretary of State of the State of Nevada, and the filing of this information statement with the SEC, there are no federal, state or other regulatory requirements or approvals that must be obtained in order for us to effect the Name Change Charter Amendment.

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TABLE OF CONTENTS

THE REVERSE STOCK SPLIT The Majority Stockholders granted the Channel board of directors authority to amend the articles of incorporation to effect the Reverse Stock Split of all outstanding shares of Channel common stock by a ratio in the range of one-for-five to one-for-twenty-five, to be determined in the Channel board of director’s sole discretion, at any time after the Majority Stockholders’ approval of the Reverse Stock Split. The exact ratio of the Reverse Stock Split will be set at a whole number within the range of one-for-five and one-for-twenty-five as determined by the Channel board of directors in its sole discretion. The Channel board of directors believes that the availability of alternative reverse stock split ratios will provide it with the flexibility to implement the Reverse Stock Split in a manner designed to maximize the anticipated benefits for Channel and its stockholders. In determining how to implement the Reverse Stock Split, the Channel board of directors may consider, among other things, factors such as:

| • | the historical trading price and trading volume of shares of Channel common stock; |

| • | the then-prevailing trading price and trading volume of shares of Channel common stock and the anticipated impact of the Reverse Stock Split on the trading market for shares of Channel common stock; |

| • | Channel’s ability to have shares of Channel common stock remain listed on The NYSE American; |

| • | the number of shares of Channel common stock needed to reserve for issuance upon exercise and conversion of all outstanding warrants and other convertible securities; |

| • | the anticipated impact