Exhibit 4.3


 


DESCRIPTION OF CAPITAL STOCK


 


Lantern Pharma (“Company”,
“we”, “us” and “our”) has one class of securities registered under Section 12 of the Securities
Exchange Act of 1934, as amended, namely our common stock, par value $0.0001 per share.


 


The following is a
summary of the rights of our common and of certain provisions of our Amended and Restated Certificate of Incorporation (“Certificate
of Incorporation”) and Bylaws (“Bylaws”). For more detailed information, please see our Certificate of Incorporation
and Bylaws, which are incorporated by reference as exhibits to the Annual Report on Form 10-K to which this description is an exhibit.


 


Common Stock


 


Our Certificate of Incorporation
authorizes us to issue up to 25,000,000 shares of common stock, $0.0001 par value per share. As of March 8, 2021, we had 11,169,665
shares of common stock outstanding, held by  26 stockholders of record.


 


Holders of shares of
common stock are entitled to one vote per share on all matters to be voted upon by the stockholders generally. Stockholders are
entitled to receive such dividends as may be declared from time to time by the Board out of funds legally available therefore,
and in the event of liquidation, dissolution or winding up of the company to share ratably in all assets remaining after payment
of liabilities. The holders of shares of common stock have no preemptive, conversion, subscription rights or cumulative voting
rights.


 


Preferred Stock


 


Our Certificate of Incorporation
authorizes us to issue up to 1,000,000 shares of preferred stock, $0.0001 par value per share, of which no shares were issued or
outstanding as of March 8, 2021, Our board of directors is authorized to issue from time to time, without stockholder authorization,
in one or more designated series or classes, any or all of the authorized but unissued shares of preferred stock with such dividend,
redemption, conversion and exchange provisions as may be provided in the particular series. Any series of preferred stock may possess
voting, dividend, liquidation and redemption rights superior to that of the common stock. The rights of the holders of common stock
will be subject to and may be adversely affected by the rights of the holders of any preferred stock that may be issued in the
future. Issuance of a new series of preferred stock, while providing desirable flexibility in connection with possible acquisition
and other corporate purposes, could make it more difficult for a third party to acquire, or discourage a third party from acquiring,
a majority of the outstanding voting stock of our company.


 


Dividends


 


We have never paid cash
dividends on our common stock and we do not anticipate the payment of cash dividends on our common stock in the foreseeable future.


 


Anti-Takeover Effects of Certain Provisions of Delaware Law


 


We are subject to the
provisions of Section 203 of the Delaware General Corporation Law, or DGCL, an anti-takeover law. In general, Section 203 prohibits
a publicly held Delaware corporation from engaging in a “business combination’’ with an “interested stockholder’’
for a period of three years after the date of the transaction in which such stockholder became an interested stockholder, unless
the business combination is approved in a prescribed manner. For purposes of Section 203, a “business combination’’
includes a merger, asset sale or other transaction resulting in a financial benefit to the interested stockholder, and an “interested
stockholder’’ is a stockholder who, together with affiliates and associates, owns, or within three years prior, did
own, 15% or more of the voting stock.


 


Transfer Agent and Registrar


 


The transfer agent
and registrar for our common stock is VStock Transfer, LLC, 18 Lafayette Place Woodmere, New York 11598.