Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 495

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 495
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 transaction of any kind. As of March 31, 2025, the note was in default, though the Company has not received any notice from Mr. Knuettel. The note accrued interest at the rate of 4.86% per annum through December 15, 2024 and 6.86% thereafter. As of March 31, 2025, the note had an outstanding principal of $131,868 and accrued interest of $6,472. Outstanding Principal on Related Party Notes

| Note Payable – Related Party |     | Outstanding 
   Principal |     | Unamortized   
 Debt Discount |     |       Outstanding 
 Principal, net of 
     Debt Discount |
| Related Party Note           |     |    $131,868 |     | $—            |     |          $131,868 |
| Total As of March 31, 2025   |     |    $131,868 |     | $—            |     |          $131,868 |

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TABLE OF CONTENTS

| Note Payable – Related Party  |     | Outstanding 
   Principal |     | Unamortized   
 Debt Discount |     |       Outstanding 
 Principal, net of 
     Debt Discount |
| Related Party Note            |     |    $131,868 |     | $—            |     |          $131,868 |
| Total As of December 31, 2024 |     |    $131,868 |     | $—            |     |          $131,868 |

NOTE 5 – NOTES PAYABLE May Promissory Note On May 10, 2024, the Company converted accounts payable with a professional advisor into a promissory note in the amount of $1,455,416. The note matures on December 15, 2024 or, if earlier to occur, upon the closing of a public or private offering or other financing or capital-raising transaction of any kind. As of March 31, 2025, the note was in default, though the Company has not received any notice from the professional advisor. The note accrued interest at the rate of 4.86% per annum through December 15, 2024 and 6.86% thereafter. As of March 31, 2025, the note had an outstanding principal of $1,455,416 and accrued interest of $71,435. Convertible Note On July 24, 2024, the Company entered into a