Company: PTHS
Filing Date: 2025-09-29
Form Type: 424B3
Source: 0001753926-25-001561
Chunk: 73

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-09-29
Form: 424B3
Chunk 73
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ations (with the maximum number of shares of Common Stock issued determined as if the outstanding Series A Preferred Stock were converted in full (without regard to any limitations on conversion contained therein solely for the purpose of such calculation) at a conversion price calculated as of the trading day immediately preceding the date this registration statement was initially filed with the SEC). Because the conversion price of the Series A Preferred Stock may be adjusted, the number of shares of Common Stock that will actually be issued may be more or less than the number of shares of Common Stock being offered by this prospectus. The fourth column assumes the sale of all of the shares of Common Stock offered by the Selling Stockholders pursuant to this prospectus.

<div align='center'>44</div>

Under the terms of the Series A Preferred Stock, a Selling Stockholder may not convert the Series A Preferred Stock to the extent (but only to the extent) such Selling Stockholder or any of its affiliates would beneficially own a number of shares of our Common Stock which would exceed 4.99% or 49.99% of the outstanding shares of the Company, as applicable. The number of shares of Common Stock in the second column reflects these limitations. The Selling Stockholders may sell all, some or none of their shares of Common Stock in this offering. See “Plan of Distribution.”

|                                            |     | Number of Shares            
 of Common Stock             
 Owned Prior to Offering (1) |           |         |     |         |        |     | Maximum Number                       
 of Shares of Common Stock to be Sold 
 Pursuant to this Prospectus(2)       |           |     | Number of Shares      
 of Common Stock Owned 
 After Offering(3)     |   |     |         |   |   |
| Name of Selling Stockholder                |     | Number                      |           |         |     | Percent |        |     |                                      |           |     | Number                |   |     | Percent |   |   |
| Nomis Bay LTD(4)                           |     |                             |   161,132 | -17)(18 |     |         | 4.99%  |     |                                      | 1,152,600 |     |                       | — |     |         | — | % |
| BPY Limited(5)                             |     |                             |   161,132 | -17)(18 |     |         | 4.99%  |     |                                      |   706,400 |     |                       | — |     |