secwatch.observer — SEC 8-K summary
======================================

Issuer:     60 DEGREES PHARMACEUTICALS, INC. (SXTP)
CIK:        0001946563
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001213900-24-067535
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

60 Degrees Pharmaceuticals effects 1:12 reverse stock split to regain Nasdaq compliance
--------------------------------------------------------------------------------

- Reverse stock split at 1-for-12 ratio effective August 12, 2024; new CUSIP 83006G203.
- Split aims to bring stock price above Nasdaq's $1.00 minimum bid requirement.
- Stockholders approved reverse split range on July 16; Board set exact ratio on July 19.
- No fractional shares issued; all fractional amounts rounded up to one whole share.
- Common stock symbol SXTP unchanged; warrants symbol SXTPW unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946563/000121390024067535/0001213900-24-067535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946563/000121390024067535/ea0211125-8k_60degrees.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-067535

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer