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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): March 21, 2025

 

SHUTTLE PHARMACEUTICALS HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-41488   82-5089826

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

401 Professional Drive, Suite 260

Gaithersburg, MD 20879

(Address of principal executive offices) (Zip Code)

 

(240) 430-4212

(Registrant’s telephone number, including area code)

 

N/A

(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:

 

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 $0.00001 per share   SHPH   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 March 21, 2025, Shuttle Pharmaceuticals Holdings, Inc. (the “Company”) entered into a consulting services agreement (the “Consulting Agreement”) with Bowery Consulting Group Inc., a corporation registered in the State of Florida (the “Consultant”). According to the Consulting Agreement, the Consultant will provide consulting services in connection with the Company’s business, including conducting research, undertaking due diligence and analysis, and identifying benefits and risks in relation to prospects and partnership affiliations under consideration, and thereafter advising on viability of plans for scaling activities (and the initiatives) that support reaching milestones and goals, developing market messaging, growth and capital raising strategies that have the potential to deliver significant returns and attract investors, and outlining investor and funding strategy for growth (retail and online activity) and suggesting ways to minimize costs associated with technological platform improvements and marketing spend.

 

The Consulting Agreement has a term of six months beginning on March 21, 2025. The Company agreed to pay the Consultant a fee in the amount of $260,000 for the term of the Consulting Agreement, which will be paid by the Company after it has fully regained compliance with the Nasdaq Listing Rules.

 

The foregoing description of the Consulting Agreement does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to the full text of the Consulting Agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.

  Description
     
1.1   Consulting Agreement, dated March 21, 2025, by and between Shuttle Pharmaceuticals Holdings, Inc. and Bowery Consulting Group Inc.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

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.

 

  SHUTTLE PHARMACEUTICALS HOLDINGS, INC.
     
Dated: March 25, 2025    
     
  By: /s/ Chris Cooper                    
  Name: Chris Cooper
  Title: Interim Co-Chief Executive Officer