Petros Pharmaceuticals Announces Strategic Deconsolidation of Metuchen Pharmaceuticals to Strengthen Balance Sheet and Improve Equity Position
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Petros Pharmaceuticals Inc. has announced the deconsolidation of its subsidiary, Metuchen Pharmaceuticals LLC, to strengthen its financial position. This strategic move aims to enhance the balance sheet, increase stockholders’ equity, and reduce consolidated debt. The company is also appealing Nasdaq’s delisting decision and believes this reorganization will help regain compliance. Further financial details will be disclosed in future SEC filings.
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