Company: SHPH
Filing Date: 2025-04-21
Form Type: DEFR14A
Source: 0001641172-25-005474
Chunk: 28

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-04-21
Form: DEFR14A
Chunk 28
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 are being asked to authorize the Board of Directors to amend the Company’s amended                                        
 and restated certificate of incorporation to effect a Reverse Stock Split of all of the Company’s                         
 issued and outstanding common stock by a ratio in the range of 1-for-3 to 1-for-100, with                                 
 such Reverse Stock Split to be available to the Board to approve and effectuate at its discretion                         
 when and as needed. The Company will likely need to effectuate the Reverse Stock Split to                                 
 regain compliance with Nasdaq listing requirements. However, the Company is seeking a wider                               
 Reverse Stock Split range so that Company, if needed, will have the ability to effectuate                                 
 an additional or further stock split if needed. In light of maintaining Nasdaq listing requirements,                      
 and considering current market conditions, the Board of Directors believes that conducting                                
 the Reverse Stock Split, and having the ability to conduct a reverse stock split in the                                   
 future, is in the best interest of the Company and its stockholders.                                                      
 The                                                                                                                       
 Board of Directors therefore recommends you vote “FOR” the authorization of the Board of Directors to amend the Company’s 
 amended and restated certificate of incorporation to effect the Reverse Stock Split.                                      |

Vote Required

A majority of the shares present in person or by proxy and entitled to vote at our 2025 Annual Meeting is required to approve Proposal No. 4.

Overview

The Board of Directors has adopted and is recommending that our stockholders approve an amendment to our amended and restated certificate of incorporation (the “Certificate of Incorporation”) to effect a Reverse Stock Split of our common stock at a ratio ranging from any whole number between 1-for-3 and 1-for-100, with the exact ratio within such range to be determined by the Board of Directors, or a committee of the Board of Directors, in its discretion, and included in a public announcement, subject to the Board of Directors’ authority to determine when to file an amendment notwithstanding prior stockholder approval of such amendment. Pursuant to the law of the State of Delaware, our state of incorporation, the Board of Directors must adopt any amendment to our Certificate of Incorporation and submit the amendment to stockholders for their approval. The form of the proposed amendment to our Certificate of Incorporation which would be filed with the Secretary of State of the State of Delaware, is attached to this proxy statement as Appendix A.

By approving this proposal, stockholders will approve an amendment to our Certificate of Incorporation pursuant to which a number