Company: NCNA
Filing Date: 2025-04-24
Form Type: F-1
Source: 0001193125-25-092131
Chunk: 22

Company: NuCana plc
Filing Date: 2025-04-24
Form: F-1
Chunk 22
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 three months from closing, subject to exceptions; (iii) agreement to not enter into any financings for 90 days from closing; and (iv) indemnification for breach of contract.

The Series A Warrants and Series B Warrants may not have value.

The Series A Warrants being offered by us in this offering have an exercise price equal to 125% of the combined public offering price, and
expire on the five-year anniversary of the Initial Exercise Date. The Series B Warrants being offered by us in this offering have an exercise price equal to 125% of the combined public offering price, and expire on the two and one-half (2.5)-year anniversary of the Initial Exercise Date. In the event that the prevailing market price of our ADSs does not exceed the exercise price of the Series A Warrants or Series B Warrants, as
applicable, during the period when such Warrants are exercisable, such Warrants may not have any value. There can be no assurance that the market price of our ADSs will ever equal or exceed the exercise price of the Warrants, and consequently,
whether it will ever be profitable for holders of Warrants to exercise the Warrants.

This is a best efforts offering, no minimum amount of securities is required to be sold, and we may not raise the amount of capital we believe is required for our business plans, including our near-term business plans.

The Placement Agent has agreed to use its reasonable best efforts to solicit offers to purchase the securities in this offering. The Placement
Agent has no obligation to buy any of the securities from us or to arrange for the purchase or sale of any specific number or dollar amount of the securities. There is no required minimum number of securities that must be sold as a condition to
completion of this offering. Because there is no minimum offering amount required as a condition to the closing of this offering, the actual offering amount, Placement Agent fees and proceeds to us are not presently determinable and may be
substantially less than the maximum amounts set forth above. We may sell fewer than all of the securities offered hereby, which may significantly reduce the amount of proceeds received by us, and investors in this offering will not receive a refund
in the event that we do not sell an amount of securities sufficient to support our continued operations, including our near-term continued operations. Thus, we may not raise the amount of capital we believe is required for our operations in the
short-term and may need to raise additional funds, which may not be