Company: PTPI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001410578-25-000579
Chunk: 30

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 30
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 pursuant to the Note (as defined herein) and related Security Agreement (as defined herein) in the amount of $0.5 million, constituting an Event of Default (as defined in the Note) under the Note and Security Agreement. As of December 31, 2024, the principal balance of the note is $7,248,635. The terms of the Note, Vivus Settlement Agreement and Security Agreement are discussed in Note 9 and Note 15. The Company does not currently have sufficient available liquidity to fund its