secwatch.observer — SEC 8-K summary
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Issuer:     60 DEGREES PHARMACEUTICALS, INC. (SXTP)
CIK:        0001946563
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001575872-23-001173
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 8.01, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946563/000157587223001173/0001575872-23-001173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946563/000157587223001173/sxtp-20230712.htm
  HTML page:      https://secwatch.observer/filing/0001575872-23-001173

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