Company: SHPH
Filing Date: 2025-02-13
Form Type: S-1
Source: 0001493152-25-006202
Chunk: 156

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-02-13
Form: S-1
Chunk 156
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 in an improvement of their terms.

Delaware Anti-Takeover Statute

In general, Delaware corporations are subject to Section 203 of the DGCL, which prohibits a Delaware corporation from engaging in any business combination with any interested stockholder for a period of three years after the date that such stockholder became an interested stockholder, with the following exceptions:

| ● | before                                                                                                                                   
 such date, the board of directors of the corporation approved either the business combination or the transaction that resulted in        
 the stockholder becoming an interested holder;                                                                                           |
| ● | upon                                                                                                                                     
 completion of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned      
 at least 85% of the voting stock of the corporation outstanding at the time the transaction began, excluding for purposes of determining 
 the voting stock outstanding (but not the outstanding voting stock owned by the interested stockholder) those shares owned (i) by        
 persons who are directors and also officers and (ii) employee stock plans in which employee participants do not have the right to        
 determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer;                         |

| ● | on                                                                                                                                        
 or after such date, the business combination is approved by the board of directors and authorized at an annual or special meeting         
 of the stockholders, and not by written consent, by the affirmative vote of at least 662/3% of the outstanding                            
 voting stock that is not owned by the interested stockholder; or                                                                          |
| ● | the                                                                                                                                       
 corporation does not have a class of voting stock that is: (i) listed on a national securities exchange; or (ii) held of record by        
 more than 2,000 stockholders, unless any of the foregoing results from action taken, directly or indirectly, by an interested stockholder 
 or from a transaction in which a person becomes an interested stockholder                                                                 |

In general, Section 203 defines business combination to include the following:

| ● | any                                                                                                                                
 merger or consolidation involving the corporation and the interested stockholder;                                                  |
| ● | any                                                                                                                                
 sale, transfer, pledge, or other disposition of 10% or more of the assets of the corporation involving the interested stockholder; |
| ● | subject                                                                                                                            
 to certain exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation 
 to the interested stockholder;                                                                                                     |

| 94 |

| ● | any                                                                                                                                 
 transaction