60 Degrees Pharmaceuticals, Inc. (60P) has announced a Special Meeting of Stockholders to be held virtually on November 6, 2024. The meeting will address several key proposals, including the exercise of warrants issued on September 5, 2024, to purchase up to 6,014,493 shares of common stock, an amendment to increase the number of shares available under the 2022 Equity Incentive Plan by 500,000 shares, and an amendment for a reverse stock split of common stock at a ratio ranging from 1:3 to 1:5 as determined by the Board. Additionally, the meeting will consider adjourning if necessary to solicit more proxies if there are insufficient votes for the proposals. The Special Meeting is a response to the Private Placement transaction closed on September 5, 2024, involving Series A and Series B warrants purchased by...Show More

60 Degrees Pharmaceuticals, Inc. (60P) has announced a Special Meeting of Stockholders to be held virtually on November 6, 2024. The meeting will address several key proposals, including the exercise of warrants issued on September 5, 2024, to purchase up to 6,014,493 shares of common stock, an amendment to increase the number of shares available under the 2022 Equity Incentive Plan by 500,000 shares, and an amendment for a reverse stock split of common stock at a ratio ranging from 1:3 to 1:5 as determined by the Board. Additionally, the meeting will consider adjourning if necessary to solicit more proxies if there are insufficient votes for the proposals. The Special Meeting is a response to the Private Placement transaction closed on September 5, 2024, involving Series A and Series B warrants purchased by institutional investors and placement agent warrants issued to H.C. Wainwright & Co., LLC. The Board has approved the proposals, believing they are in the best interests of the company and its stockholders. The meeting will be accessible via telephone, with no in-person attendance. Stockholders of record as of September 20, 2024, are entitled to vote, and the company encourages voting as soon as possible by telephone or by mailing a proxy card.