Company: SXTPW
Filing Date: 2025-08-15
Form Type: PRE 14A
Source: 0001213900-25-077435
Chunk: 54

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-08-15
Form: PRE 14A
Chunk 54
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per share for a period of 10 consecutive days prior to [____]which is the date that we must regain compliance with Nasdaq Listing Rule
5550(a)(2) (the “Bid Price Rule”). If we do not regain compliance with the Bid Price Rule prior to August 26, 2024, and we
are not deemed eligible for an additional period of time to regain compliance with the Bid Price Rule, our listed securities may be subject
to delisting. The effect of a Reverse Stock Split on our stock price cannot be predicted with any certainty, and the history of reverse
stock splits for other companies in various industries is varied, particularly since some investors may view a reverse stock split negatively.
It is possible that our stock price after a Reverse Stock Split will not increase in the same proportion as the reduction in the number
of shares outstanding, causing a reduction in our overall market capitalization. Further, even if we implement a Reverse Stock Split,
our stock price may decline due to various factors, including our future performance and general industry, market and economic conditions.
This percentage decline, as an absolute number and as a percentage of our overall market capitalization, may be greater than would occur
in the absence of a Reverse Stock Split. If we fail to meet Nasdaq’s continued listing requirements, Nasdaq could suspend trading
in our common stock and commence delisting proceedings.

The proposed Reverse Stock Split may decrease
the liquidity of our common stock and result in higher transaction costs. The liquidity of our common stock may be negatively impacted
by the reduced number of shares outstanding after the Reverse Stock Split, which would be exacerbated if the stock price does not increase
following the split. In addition, a Reverse Stock Split would increase the number of stockholders owning “odd lots” of fewer
than 100 shares, trading in which generally results in higher transaction costs. Accordingly, a Reverse Stock Split may not achieve the
desired results of increasing marketability and liquidity as described above.

The implementation of a Reverse Stock Split would
result in an effective increase in the authorized number of shares of common stock available for issuance, which could, under certain
circumstances, have anti-takeover implications. The additional shares of common stock available for issuance could be used by us to oppose
a hostile takeover attempt or to delay or prevent changes in control or in our management. Although the Reverse Stock Split has been prompted
by business and financial considerations, and not by the threat of any hostile takeover attempt (nor is the Board currently aware