Company: SHPH
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001493152-25-003508
Chunk: 223

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 223
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 the difference between the estimated fair value and the net carrying amount of the tendered August 2022 Notes. The remaining $ 50,000outstanding under the August 2022 Convertible Notes (and owed to the related party) was fully repaid in cash during the year ended December 31, 2022 (see Note 5), resulting in the recognition of a gain on extinguishment of $ 2,206based on the difference between the repayment in cash and the net carrying amount of the notes.

Note 7 - Stockholders’ Equity

Common Stock

During the year ended December 31, 2023, the Company issued:

| ● | 297,625                                                                                                                          
 shares of common stock to settle $1,925,700 of principal and $294,927 of interest on a Convertible Note and incurred $477,221 of 
 loss on settlement.                                                                                                              |
| ● | 10,650                                                                                                                           
 shares of common stock issued for vesting of restricted stock units.                                                             |

| F-38 |

During the year ended December 31, 2022, the Company issued:

| ● | 105                                                                                                                                                 
 shares of common stock for conversion of $16,340                                                                                                    
 of accrued interest.                                                                                                                                |
| ● | 3,500                                                                                                                                               
 shares of common stock upon vesting of restricted stock units.                                                                                      |
| ● | 352,443                                                                                                                                             
 shares of common stock upon completion of the Company’s initial public offering (including the exercise of the underwriter’s overallotment option), 
 and the immediate exercise of warrants issued as part of the IPO Units, for net proceeds of $9,951,356.                                             |
| ● | 42,113                                                                                                                                              
 shares of common stock upon the automatic conversion of preferred shares and 12,553                                                                 
 shares of common stock to settle cumulative dividends on the preferred shares totaling  $402,064.                                                   |
| ● | A total of 36,876                                                                                                                                   
 shares of common stock issued to the lenders upon conversion of the 2022 Convertible Notes, including 18,438                                        
 shares of common stock issued upon the conversion of the 2022 Convertible Notes into units with an estimated fair value of                          
 $1,198,438 at settlement, and 18,438                                                                                                                
 shares of common stock upon the exercise of the common stock warrants, for total proceeds of $1,475.                                                |
| ● | A total of 66,250                                                                                                                                   
 shares of