Company: BDRX
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001214659-25-000936
Chunk: 3

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-21
Form: 424B3
Chunk 3
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 36-month period from and after the Commencement Date (unless the Purchase Agreement is terminated earlier in accordance with its terms),
the Purchaser has no right to require the Company to sell any Depositary Shares to the Purchaser, but the Purchaser is obligated to make
purchases as the Company directs, subject to certain conditions. There are no upper limits on the price per share that the Purchaser must
pay for the Depositary Shares. Actual sales of Depositary Shares to the Purchaser will depend on a variety of factors to be determined
by the Company from time to time, including, among others, market conditions, the trading price of the Company’s Depositary Shares
and determinations by the Company as to the appropriate sources of funding for the Company and its operations.

At
any time from and after the Commencement Date, on any business day on which the previous business day’s closing sale price of the
Depositary Shares was equal to or greater than $1.00 (the “Purchase Date”), the Company may direct the Purchaser to purchase
a specified number of Depositary Shares (a “Fixed Purchase”) not to exceed $200,000, at a purchase price equal to the lesser
of 95% of (i) the daily volume weighted average price (the “VWAP”) of the Depositary Shares for the five trading days immediately
preceding the applicable Purchase Date for such Fixed Purchase and (ii) the lowest sale price of a Depositary Share on the trading day
immediately prior to such applicable Purchase Date.

In
addition, at any time from and after the Commencement Date, on any business day on which the previous business day’s closing sale
price of the Depositary Shares is equal to or greater than $1.00 and such business day is also the Purchase Date for a Fixed Purchase
of an amount of shares of Depository Shares not less than the applicable Fixed Purchase Maximum Amount (as defined in the Purchase Agreement)
(the “VWAP Purchase Date”), the Company may also direct the Purchaser to purchase an additional number of shares of Depositary
Shares in an amount up to the VWAP Purchase Maximum Amount (as defined in the Purchase Agreement) (a “VWAP Purchase”) at a
purchase price equal to the lesser of 95% of (i) the closing sale price of a share of Depositary Shares on the trading day immediately
prior to such applicable Purchase Date and (ii) the VWAP during the period on the