---
schema_version: "secwatch.filing_event.v1"
accession: "0001575872-23-001173"
form_type: "8-K"
ticker: "SXTP"
cik: "0001946563"
company_name: "60 DEGREES PHARMACEUTICALS, INC."
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T07:56:41.706731+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# 60 Degrees Pharmaceuticals prices $7.5M IPO of 1.4M units at $5.30/unit; shares begin trading July 12

## Summary
- IPO of 1,415,095 units priced at $5.30/unit; each unit = 1 share + 1 tradeable warrant ($6.095 exercise) + 1 non-tradeable warrant ($6.36 exercise).
- Gross proceeds ~$7.5M; net proceeds ~$7.5M after underwriter discounts and expenses; net used for clinical studies and working capital.
- Shares and tradeable warrants began trading on Nasdaq on July 12 under symbols SXTP and SXTPW; underwriter over-allotment partially exercised.
- IPO closed on July 14, 2023; WallachBeth Capital acted as sole bookrunner; officers/directors subject to 180-day lock-up through Jan 11, 2024.

## SEC filing metadata
- accession: 0001575872-23-001173
- form_type: 8-K
- ticker: SXTP
- cik: 0001946563
- company_name: 60 DEGREES PHARMACEUTICALS, INC.
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1946563/000157587223001173/0001575872-23-001173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1946563/000157587223001173/sxtp-20230712.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-23-001173
- JSON: https://secwatch.observer/filing/0001575872-23-001173.json
- Plain text: https://secwatch.observer/filing/0001575872-23-001173.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.