Company: BDRX
Filing Date: 2025-12-08
Form Type: F-1/A
Source: 0001214659-25-017719
Chunk: 54

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-12-08
Form: F-1/A
Chunk 54
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 Reset Date, and (b) 30% of the Latest NASDAQ Closing Price,
while the number of Depositary Shares issuable upon exercise will be increased such that the aggregate exercise price of the Series L
Warrants on the issuance date for the Depositary Shares underlying the Series A Warrants then outstanding shall remain unchanged. Any
reduction to the exercise price of the Series L Warrants and resulting increase in the Depositary Shares underlying the Series L Warrants
will be subject to a floor price. The floor price will be equal to 30% of the Latest NASDAQ Closing Price. For the avoidance of doubt,
the lower that the stock price of our Depositary Shares is on the First Reset Date and Second Reset Date, as applicable, the more shares
that will be issuable pursuant to the Series L Warrants as a result of the each reset, subject to the floor price of 50% of the Latest
NASDAQ Closing Price on the First Reset Date, and 30% of the Latest NASDAQ Closing Price on the Second Reset Date.

We may be required to pay
certain amounts as liquidated damages as specified in the warrants in the event we do not deliver Depositary Shares upon exercise of the
warrants within the time periods specified in the warrants. No fractional Depositary Shares will be issued in connection with the exercise
of a warrant.

Cashless Exercise.
If, at the time a holder exercises its Series L Warrant, there is no effective registration statement registering, or the prospectus contained
therein is not available for an issuance of the shares underlying the Series L Warrant to the holder, then in lieu of making the cash
payment otherwise contemplated to be made to us upon such exercise in payment of the aggregate exercise price, the holder may elect instead
to receive upon such exercise (either in whole or in part) the net number of Depositary Shares determined according to a formula set forth
in the Series L Warrant. On the termination date of the Series L Warrant, the Series L Warrant will be automatically exercised via cashless
exercise.

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Zero Cash Exercise Price Option. A holder of Series L Warrants may also, during the period of 90 calendar days following the issue date of the Series L
Warrants, provide notice and elect a zero exercise price option pursuant to which they would receive, without payment of any additional
cash to the Company, an aggregate number of Depositary Shares equal to the product of (x) the aggregate number of Deposit