Company: PTHS
Filing Date: 2025-05-09
Form Type: PREM14C
Source: 0001140361-25-018219
Chunk: 264

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-09
Form: PREM14C
Chunk 264
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 delivered to the PIPE Investors a letter from Channel’s transfer agent certifying the number of Channel common shares outstanding on the date immediately prior to the closing of the Transactions; |

| (i) | Channel’s common shares (A) shall be listed on The NYSE American and (B) shall not have been suspended, as of the closing of the Transactions, by the SEC or The NYSE American from trading on The NYSE American nor shall suspension by the SEC or The NYSE American have been threatened, as of the closing of the Transactions, either (I) in writing by the SEC or The NYSE American or (II) by falling below the minimum maintenance requirements of The NYSE American; |

| (j) | Channel shall have obtained all governmental, regulatory or third party consents and approvals, if any, necessary for the sale of the securities contemplated in the Purchase Agreement, including without limitation, those required by The NYSE American, if any; |

| (k) | no statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by any court or governmental entity of competent jurisdiction that prohibits the consummation of any of the transactions contemplated by the Transaction Agreements; |

| (l) | since the date of execution of the Purchase Agreement, no event or series of events shall have occurred that reasonably would have or result in a material adverse effect; |

| (m) | Channel shall have obtained approval of The NYSE American to list the shares of Channel common stock underlying the Channel Series A Preferred Stock; |

| (n) | all conditions to the closing of the Merger shall have been satisfied or waived (other than the closing of the PIPE Financing and other than those conditions which, by their nature, are to be satisfied at the closing of the transactions contemplated by the Merger Agreement, but subject to the satisfaction of such conditions as of the closing of the transactions contemplated by the Merger Agreement), and the closing of the Merger shall be set to occur substantially concurrently with the closing of the PIPE Financing; |

| (o) | each of the lock-up agreements shall be effective and in full force and effect as of the closing of the Transactions; |

| (p) | Channel, LNHC, Nomis Bay and Ligand shall have duly executed and delivered to the PIPE Investors the Royalty Agreements to which they are a party; |

| (q) | Each and every representation and warranty of LNHC in any Transaction Document