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[8-K] 60 Degrees Pharmaceuticals, Inc. Warrant Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

60 Degrees Pharmaceuticals, Inc. reported an item on an 8-K disclosing a Sales Agreement dated September 5, 2025 between the company and H.C. Wainwright & Co., LLC related to its securities. The filing lists the Sales Agreement as Exhibit 1.1 and includes a legal opinion and consent from Sichenzia Ross Ference Carmel LLP as Exhibits 5.1 and 23.1. The document is signed by Geoffrey Dow, Chief Executive Officer and President.

The filing supplies exhibit-level detail but does not disclose the economic terms, offering size, pricing mechanics, or expected timing for any sales under the agreement. No financial tables, revenue, or earnings data are provided.

Positive
  • Engaged placement agent via a Sales Agreement dated September 5, 2025
  • Legal opinion and consent from Sichenzia Ross Ference Carmel LLP filed as exhibits
Negative
  • No economic terms disclosed—offering size, pricing, and dilution are not stated
  • No timing or execution details for any sales under the agreement are provided

Insights

TL;DR: The company engaged an underwriter/placement agent under a Sales Agreement, creating a path to raise capital.

The Sales Agreement dated September 5, 2025 with H.C. Wainwright & Co., LLC establishes an arrangement to offer or sell securities, which typically provides the company flexibility to access capital markets when needed. The inclusion of a law firm opinion and consent is routine to support the legal aspects of the offering.

Material impact depends on undisclosed terms such as aggregate offering size, pricing limits, and dilution. Monitor future filings for prospectus supplements or transaction-level disclosures that specify timing and amounts.

TL;DR: Filing shows required exhibits filed; legal opinion and consent accompany the Sales Agreement.

The exhibits listed—Sales Agreement (Exhibit 1.1), legal opinion (Exhibit 5.1), and consent (Exhibit 23.1)—are standard for a securities offering and indicate counsel has reviewed legal issues tied to the issuance. The signature of the CEO completes the filing formalities.

Because the filing does not disclose offering mechanics, investors should watch for subsequent filings that attach the full prospectus supplement or specify the registration statement referencing the agreement.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): September 3, 2025

 

60 DEGREES PHARMACEUTICALS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-41719   45-2406880
(State or other jurisdiction
of Incorporation)
  (Commission File Number)   (IRS Employer
Identification Number)

 

1025 Connecticut Avenue NW Suite 1000,
Washington, D.C.
  20036
(Address of registrant’s principal executive office)   (Zip code)

 

(202) 327-5422

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.0001 per share   SXTP   The Nasdaq Stock Market LLC
Warrants, each warrant to purchase one share of Common Stock   SXTPW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On September 3, 2025, 60 Degrees Pharmaceuticals, Inc. (the “Company”) entered into an At-The-Market Sales Agreement (the “Sales Agreement”) with H.C. Wainwright & Co., LLC (“Wainwright”) pursuant to which the Company may, from time to time, offer and sell shares (the “ATM Shares”) of its common stock, par value $0.0001 per share (the “Common Stock”), having aggregate gross sales proceeds of up to $1,397,533 (the “ATM Offering”), through or to Wainwright, acting as sales agent or principal, subject to the Company’s current “baby shelf” limitations under General Instruction I.B.6. of Form S-3.

 

Subject to the terms and conditions of the Sales Agreement, Wainwright will use its commercially reasonable efforts consistent with its normal trading and sales practices to sell the ATM Shares from time to time, based upon the Company’s instructions. The Company has provided Wainwright with customary indemnification and contribution rights in favor of the Agents, and the Wainwright will be entitled to a commission of 3.0% of the gross proceeds from each sale of the ATM Shares pursuant to the Sales Agreement.

 

Sales of the ATM Shares, if any, under the Agreement will be made by any method permitted by law deemed to be “at the market offerings” as defined in Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”). The Company has no obligation to sell any of the ATM Shares and may at any time suspend offers under the Sales Agreement or terminate the Sales Agreement.

 

This description of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to the Sales Agreement, which is attached hereto as Exhibit 1.1 and incorporated by reference herein.

 

The Company Common Stock to be sold under the Sales Agreement, if any, will be issued and sold pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-280796), which was filed with the Securities and Exchange Commission (the “SEC”) on July 12, 2024, and declared effective by the (“SEC”) on July 18, 2024, including the base prospectus contained therein, and a prospectus supplement dated September [_], 2025 (the “Prospectus Supplement”) relating to the offer and sale of the shares pursuant to the Sales Agreement.

 

This Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy any shares of Company Common Stock nor shall there be any sale of shares of Company Common Stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The legal opinion of Sichenzia Ross Ference Carmel LLP relating to the legality of the issuance and sale of the ATM Shares pursuant to the ATM Offering is attached hereto as Exhibit 5.1 to this Current Report on Form 8-K and is incorporated by reference herein.

 

Item 1.02 Termination of a Material Definitive Agreement.

 

On September 3, 2025, 60 Degrees Pharmaceuticals, Inc. (the “Company”) and Wallachbeth Capital LLC (“Wallachbeth”) entered into a Waiver and Termination Agreement of the At-The-Market Issuance Sales Agreement, dated June 4, 2024 (the “ATM Agreement”). The Company and Wallachbeth agreed to waive the 10-day notice termination period (the “Notice Termination Period”), and the Company exercised its right to the immediate termination of the ATM Agreement, effective as of September 3, 2025, and both parties were released from any obligations under the ATM Agreement as of the same date.

 

Item 9.01 Financial Statements and Exhibits

 

(a) Exhibits

 

Number   Description
1.1   Sales Agreement, dated as of September 5, 2025, by and among the 60 Degree Pharmaceuticals, Inc. and H.C. Wainwright & Co., LLC,
5.1   Opinion of Sichenzia Ross Ference Carmel LLP
23.1   Consent of Sichenzia Ross Ference Carmel LLP (included in the opinion filed as Exhibit 5.1)
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  60 DEGREES PHARMACEUTICALS, INC.
   
Date: September 5, 2025 By: /s/ Geoffrey Dow
  Name: Geoffrey Dow
  Title: Chief Executive Officer and President

 

2

 

FAQ

What did SXTPW disclose in the 8-K about a Sales Agreement?

The 8-K discloses a Sales Agreement dated September 5, 2025 between 60 Degrees Pharmaceuticals, Inc. and H.C. Wainwright & Co., LLC, filed as Exhibit 1.1.

Did the filing include terms like offering size or pricing for SXTPW?

No. The filing lists the Sales Agreement and related legal exhibits but does not disclose offering size, pricing mechanics, or expected proceeds.

Which legal exhibits were filed with the 8-K for SXTPW?

Exhibit 5.1 (opinion of Sichenzia Ross Ference Carmel LLP) and Exhibit 23.1 (consent of the same firm) were included.

Who signed the 8-K for 60 Degrees Pharmaceuticals?

Geoffrey Dow, Chief Executive Officer and President, signed the filing.

Does this 8-K confirm that securities will be sold immediately?

No. The document reports the Sales Agreement but does not state any immediate sales or provide timing for offerings.
60 Degrees Pharm

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Medicinal and Botanical Manufacturing
Pharmaceutical Preparations
WASHINGTON