Company: PTHS
Filing Date: 2025-05-09
Form Type: PREM14C
Source: 0001140361-25-018219
Chunk: 446

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-09
Form: PREM14C
Chunk 446
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 to be complete. It is subject to and qualified in its entirety by reference to our articles of incorporation, and our bylaws, each of which are filed as an exhibit to Channel’s Annual Report on Form 10-K for the year ended December 31, 2024. Copies of these documents can be accessed through hyperlinks to those documents in the list of exhibits in our Annual Report on Form 10-K for the fiscal year ending December 31, 2024.

#### Authorized Capital Shares
Channel’s authorized capital shares consist of (a) 200,000,000 shares of Channel common stock and (b) 20,000,000 shares of “blank check” preferred stock, par value $0.0001 per share (our “Preferred Stock”). The outstanding shares of our Channel common stock are fully paid and nonassessable.

#### Voting Rights
The holders of shares of Channel common stock vote together as one class on all matters as to which holders of Channel common stock are entitled to vote. Except as otherwise required by applicable law, all voting rights are vested in and exercised by the holders of Channel common stock with each share of Channel common stock being entitled to one vote, including in all elections of directors. The vote of the holders of a majority of the issued and outstanding shares of Channel common stock entitled to vote thereon is sufficient to authorize, affirm, ratify or consent to such act or action, except as otherwise provided by law.

#### Dividend Rights
Subject to the rights of holders of outstanding shares of Channel preferred stock, if any, holders of Channel common stock are entitled to receive such dividends and distributions and other distributions in cash, stock or property of Channel when, as and if declared thereon by the Channel board of directors from time to time out of assets or funds of Channel legally available therefor.

#### Liquidation Rights
Subject to the rights of holders of outstanding shares of Channel preferred stock, if any, upon our liquidation, dissolution or winding up, the holders of Channel common stock will be entitled to share ratably in the net assets and funds legally available for distribution to stockholders after the payment of all of Channel’s debts and other liabilities.

#### Other Rights and Preferences
Holders of Channel common stock have no preemptive rights or other subscription rights, conversion rights, registration rights, redemption or sinking fund provisions by virtue of only holding such shares.

#### Preferred Stock
Channel’s board of directors has the authority, without further action by Channel stockholders, to issue up to 20