Announcement • Jun 10
Shuttle Pharma Announces Reverse Stock Split as Part of its Strategic Plan to Maintain Compliance with Nasdaq's Continued Listing Requirements Shuttle Pharmaceuticals Holdings, Inc. announced that its board of directors have approved a proposed reverse stock split of its common stock at a ratio of 10-for-1. The reverse stock split will become effective on June 11, 2026, at 12:01 a.m., Eastern Time. The Company's common stock will continue to trade on The Nasdaq Capital Market ("Nasdaq") under the existing symbol "SHPH" and will begin trading on a split-adjusted basis when the market opens on June 11, 2026. The reverse stock split is part of Shuttle Pharma's strategic plan to maintain compliance with Nasdaq's continued listing requirements, while also strengthening the Company's long-term capital structure. Board Change • May 14
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 4 highly experienced directors. Member of Scientific Advisory Committee Ralph Weichselbaum is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 01
Shuttle Pharmaceuticals Holdings, Inc. announced that it expects to receive $11 million in funding Shuttle Pharmaceuticals Holdings, Inc. announced that entered into a securities purchase agreement with certain accredited investors in a private placement offering of 2,200 shares of newly designated Series B-2 Convertible Preferred Stock at a price of $5000 and common warrants for gross proceeds of $11,000,000 on April 30, 2026. Upon subsequent receipt of Shuttle stockholder approval, the shares of Series B-2 Convertible Preferred Stock will be automatically convertible, at a conversion price of $1.03 (subject to adjustment), into an aggregate of approximately 9,708,738 shares of Company Common Stock, subject to customary beneficial ownership limitations. The Common Warrants have an exercise price of $1.03 and a 3-year term. The Series B-2 Convertible Preferred Stock and the Common Warrants issued in the Offering will not be exercisable or convertible until stockholder approval is obtained.