Company: PTHS
Filing Date: 2025-05-09
Form Type: PREM14C
Source: 0001140361-25-018219
Chunk: 205

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-09
Form: PREM14C
Chunk 205
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, (b) each party to the Merger Agreement and other related documents and instruments will fully and timely perform all of the covenants and agreements required to be performed by such party, (c) all conditions to the consummation of the Merger will be satisfied without waiver thereof, and (d) the Merger will be consummated in a timely manner in accordance with the terms described in the Merger Agreement and other related documents and instruments. M&N Sarchet relied upon and assumed, without independent verification, that (i) the Merger will be consummated in a manner that complies in all respects with all applicable federal and state statutes, rules and regulations, and (ii) all governmental, regulatory, and other consents and approvals necessary for the consummation of the Merger will be obtained and that no delay, limitations, restrictions or conditions will be imposed or amendments, modifications or waivers made that would have an effect on the Merger or the parties to the Merger Agreement that would have been material to M&N Sarchet’s analyses or the Fairness Opinion.

Furthermore, in connection with the Fairness Opinion, M&N Sarchet had not been requested to make, and did not make, any physical inspection or independent appraisal or evaluation of any of the assets, properties, or liabilities (fixed, contingent, derivative, off-balance-sheet or otherwise) of LNHC or any other party, nor was M&N Sarchet provided with any such appraisal or evaluation. M&N Sarchet had undertaken no independent analysis of any potential or actual litigation, regulatory action, possible unasserted claims or other contingent liabilities, to which LNHC was or may have been a party or was or may have been subject, or of any governmental investigation of any possible unasserted claims or other contingent liabilities to which LNHC was or may have been a party or was or may have been subject.

M&N Sarchet has not in the past provided financial consulting services to the Channel board of directors. M&N Sarchet has not acted as financial advisor to Channel, or any of the other parties to the Merger Agreement in connection with the Fairness Opinion and did not participate in any of the negotiations leading to the Merger Agreement. M&N Sarchet will receive a fee for rendering the Fairness Opinion, which is not contingent upon the successful completion of the Merger. M&N Sarchet had not been requested to, and did not,