Company: PSTV
Filing Date: 2025-06-09
Form Type: DRS
Source: 0000950123-25-005986
Chunk: 14

Company: PLUS THERAPEUTICS, INC.
Filing Date: 2025-06-09
Form: DRS
Chunk 14
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 ], 2025, we entered
into the Purchase Agreement with Lincoln Park, pursuant to which Lincoln Park has agreed to purchase from us up to an aggregate of $[50.0] million of our common stock (subject to certain limitations) from time to time over the term of the Purchase
Agreement. Also on [ ], 2025, we entered into the Registration Rights Agreement pursuant to which we filed with the SEC the registration statement that includes this prospectus to register for resale under the Securities Act the shares of our
common stock that have been and may be issued to Lincoln Park under the Purchase Agreement.

This prospectus covers the resale of up to
15,000,000 shares of our common stock that we have reserved for issuance and sale to Lincoln Park under the Purchase Agreement from time to time.

We did not have the right to commence sales of our common stock to Lincoln Park under the Purchase Agreement until the Commencement Date. From
and after the Commencement Date, we may, from time to time and at our sole discretion for a period of 36 months after the Commencement Date, on any business day that we select on which the closing sale price of our common stock equals or exceeds
$[ ] per share, direct Lincoln Park to purchase in a Regular Purchase up to [ ] shares of our common stock (or, if higher, such number of shares of our common stock equal to $[ ]), which amount may be increased up to a maximum
amount of [ ] shares depending on the market price of our common stock at the time of sale, subject to a maximum commitment of $[ ] per Regular Purchase. In addition, Lincoln Park has committed to purchase other “accelerated
amounts” and/or “additional accelerated amounts” under certain circumstances. We control the timing and amount of any sales of our common stock to Lincoln Park. The purchase price of the shares of our common stock that may be sold to
Lincoln Park in Regular Purchases under the Purchase Agreement is based on the market price of our common stock preceding the time of sale as computed under the Purchase Agreement. The purchase price per share will be equitably adjusted as provided
in the Purchase Agreement for any reorganization, recapitalization, non-cash dividend, stock split, or other similar transaction as set forth in the Purchase Agreement. We may at any time in our sole
discretion terminate the Purchase Agreement without fee, penalty or cost upon one business day notice. There are no restrictions on future financings,