Company: PTHS
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001753926-25-000503
Chunk: 2482

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 2482
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 vendor in considerations for the services provided
by the vendor to the Company.

On
June 12, 2024, the Company entered into a twelve-month agreement with a vendor to issue up to 7,500 share of Common
Stock per month for services performed by such vendor. As of December 31, 2024, the Company has issued 51,187 shares
of Common Stock pursuant to this agreement.

On
August 12, 2024, the Company issued 10,000 shares of Common Stock to a vendor in exchange for outstanding invoices related
to services provided by the vendor to the Company, with such shares issued on October 22, 2024.

On
October 22, 2024, the Company issued 50,000 shares of Common Stock to a vendor in considerations for the services provided
by the vendor to the Company.

On
November 18, 2024, the Company issued 25,000 shares of Common Stock to a vendor in considerations for the services provided
by the vendor to the Company.

During
the year ended December 31, 2024, the Company issued 16,667 shares of Common Stock to a vendor in considerations for
the services provided by the vendor to the Company, with such shares granted on October 22, 2024.

Committed
Equity Financing

On
July 26, 2024, the Company entered into a Common Stock Purchase Agreement, dated as of July 26, 2024 (the “CEF Purchase
Agreement”), with Tikkun Capital LLC (“Tikkun”), providing for a committed equity financing facility, pursuant
to which, upon the terms and subject to the satisfaction of the conditions contained in the CEF Purchase Agreement, Tikkun has
committed to purchase, at the Company’s direction in its sole discretion, up to an aggregate of $30,000,000 (the “Total
Commitment”) of the shares of Common Stock (the “Purchase Shares”), subject to certain limitations set forth
in the CEF Purchase Agreement, from time to time during the term of the CEF Purchase Agreement. Concurrently with the execution
of the CEF Purchase Agreement, the Company and Tikkun also entered into a Registration Rights Agreement, dated as of July 26,
2024, pursuant to which the Company agreed to file with the SEC one or more registration statements, to register under the Securities
Act, the offer and resale by Tikk