Company: SXTPW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043779
Chunk: 102

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 102
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 the Company’s equity-classified warrants during the three months ended March 31, 2024:

     Number of Warrants   Weighted Average Exercise Price   Weighted Average Remaining Contractual Life (Years)   Total outstanding, December 31, 2023   52,737   $369.98    4.47   Granted   140,884    22.48    5.00   Exercised   (8,326)   0.60    Indefinite   Forfeited   -    -    -   Expired   -    -    -   Total outstanding, March 31, 2024   185,295   $122.36    4.67   Total exercisable, March 31, 2024   185,295   $122.36    4.67  

During the three months ended March 31, 2024,
the Company received aggregate cash proceeds of $4,995 upon the exercise of 8,326 January 2024 Pre-Funded Warrants.

17

Series A Preferred Stock

The holders of shares of Series A Preferred Stock
have the rights, preferences, powers, restrictions, and limitations as set forth below.

Voting Rights - The holders of shares of
Series A Preferred Stock are not entitled to any voting rights.

Dividends - From and after the date of
issuance of any share of Series A Preferred Stock, cumulative dividends shall accrue, whether or not declared by the Board and whether
or not there are funds legally available for the payment of dividends, on a daily basis in arrears at the rate of 6.0% per annum on the
sum of the Liquidation Value (as defined below). Accrued dividends shall be paid in cash only when, as and if declared by the Board out
of funds legally available therefor or upon a liquidation or redemption of the Series A Preferred Stock. On March 31 of each calendar
year, any accrued and unpaid dividends shall accumulate and compound on such date, and are cumulative until paid or converted. Holders
of shares of Series A Preferred Stock are entitled to receive accrued and accumulated dividends prior to and in preference to any dividend,
distribution, or redemption on shares of Common Stock or any other class of securities that is designated