Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 254

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 254
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 the date of the Merger Agreement and on the closing date of the Merger with the same force and effect as if made on the date on which the Merger is to be completed or, if such representations and warranties address matters as of a particular date, then as of that particular date, except in each case, or in the aggregate, where the failure to be so true and correct would not reasonably be expected to have a material adverse effect on LNHC (without giving effect to any references therein to materiality qualifications); |

| • | LNHC must have performed in all material respects all obligations required to be performed by it under the Merger Agreement on or prior to the closing date of the Merger; |

| • | no material adverse effect on LNHC having occurred since the date of the Merger Agreement and be continuing; |

| • | Channel must have received an officers’ certificate duly executed by LNHC’s chief executive officer to the effect that certain closing conditions have been satisfied; and |

| • | LNHC must have obtained certain specified consents and approvals of third parties, and any other consents or approvals of third parties (other than a governmental entity) the failure of which to obtain, individually or in the aggregate, is reasonably likely to have a material adverse effect on LNHC. |

In addition, the obligation of LNHC to complete the Merger is further subject to the satisfaction or waiver of the following conditions, any of which may be waived exclusively by LNHC:

| • | the representations and warranties regarding certain matters related to corporate organization and power, and similar corporate matters, capitalization, authority to enter into the Merger Agreement, the related agreements and lack of certain conflicts, and material changes or events, brokers and related matters and certain business relationships with affiliates must be true and correct in all but de minimis respects on the date of the Merger Agreement and on the closing date of the Merger with the same force and effect as if made on the date on which the Merger is to be completed or, if such representations and warranties address matters as of a particular date, then as of that particular date; |

| • | the remaining representations and warranties of Channel and Merger Sub in the Merger Agreement must be true and correct on the date of the Merger Agreement and on the closing date of the Merger with the same force and effect as if made on the date on which the Merger is to be completed or, if such representations and warranties address matters as of a particular date, then as