Company: DERM
Filing Date: 2025-08-28
Form Type: 424B3
Source: 0001104659-25-084876
Chunk: 18

Company: Journey Medical Corp
Filing Date: 2025-08-28
Form: 424B3
Chunk 18
---
 exchanged for securities, cash or other property, then each share of Class A Common Stock becomes convertible
into the kind and amount of securities, cash or other property which a holder of the number of shares of common stock of the Company issuable
upon conversion of one share of the Class A Common Stock immediately prior to such reorganization, recapitalization, reclassification,
consolidation or merger would have been entitled to receive pursuant to such transaction.

Blank-Check Preferred Stock; Authorized but Unissued Common Stock. Our Board is authorized to issue, without shareholder approval, preferred stock,
the rights of which will be determined at the discretion of our Board and that, if issued, could operate as a “poison pill”
to dilute the stock ownership of a potential hostile acquirer to prevent an acquisition that our Board does not approve. Further, the
existence of authorized but unissued shares of common stock and preferred stock could render more difficult or discourage an attempt to
obtain control of us by means of a proxy contest, tender offer, merger or otherwise.

Anti-Takeover Provisions

Our Third Amended and Restated Certificate of
Incorporation and bylaws contain provisions that could delay or prevent a change in control of our Company. These provisions could also
make it difficult for stockholders to elect directors that are not nominated by the current members of our board of directors or take
other corporate actions, including effecting changes in our management. These provisions include certain provisions that:

| · | permit the board of directors                                                                
 to establish the number of directors and fill any vacancies and newly created directorships; |

| · | provide that, after a removal                                                                                                           
 for cause, vacancies on our board of directors may be filled by a majority of directors then in office, even though less than a quorum; |

| · | prohibit cumulative voting    
 in the election of directors; |

| · | require majority voting                               
 to amend our certificate of incorporation and bylaws; |

| · | authorize the issuance                                                                                         
 of “blank check” preferred stock that our board of directors could use to implement a stockholder rights plan; |

| · | restrict the forum for                                       
 certain litigation against us to Delaware or federal courts; |

| · | establish advance notice                                                                                                            
 requirements for nominations for election to our board of directors or for proposing matters that can be acted upon by stockholders 
 at annual stockholder meetings; and                                                                                                 |

| · | bestow majority control                                                                                 
 of the stockholder vote to Fortress by