Company: BDRX
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001214659-25-007341
Chunk: 21

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-12
Form: 424B3
Chunk 21
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 Plan was originally adopted in December 2014 and amended on April 11, 2024 to govern the grant of tax-advantaged enterprise management incentive stock options and unapproved stock options by the Company. As of December 31, 2024, there were options to purchase 328,823,388 Ordinary Shares. The
options lapse after ten years from the date of the grant. As of December 31, 2024, the weighted average remaining life of the options
was 9.0 years.

In connection with our acquisition
of DARA Biosciences, Inc. or DARA, in December 2015, we assumed all of DARA’s outstanding options, or DARA Options. As of December
31, 2024, there were outstanding DARA Options to purchase 99 Ordinary Shares with a weighted average remaining life of 0.2 years.

Warrants

October 2019 and May 2020 Warrants

In
October 2019, we completed a private placement with certain institutional investors, or the October Private Placement, where we issued
warrants to certain investors, or the October Private Placement Warrants. In May 2020, we completed a private placement with certain institutional
investors, or the May Private Placement, where we issued warrants to certain investors, or the May Private Placement Warrants, the placement
agent, Wainwright, or the Wainwright May Warrants and Armistice Capital, or the May Armistice Warrants. The following is a brief summary
of the October Private Placement Warrants, May Private Placement Warrants, Wainwright May Warrants and the May Armistice Warrants issued
in connection with the October Private Placement and May Private Placement, as applicable, and is subject in all respects to the provisions
contained in the applicable warrants, which are filed as exhibits to this Registration Statement on Form F-1. On December 13, 2022, the
exercise price of the October Private Placement Warrants granted to Armistice Capital and the May Private Placement Warrants was increased
to $8,000.00. Unless otherwise stated, references to warrants in this section include the October Private Placement Warrants, May Private
Placement Warrants and Wainwright May Warrants.

Exercisability.
The October Private Placement Warrants became exercisable on December 23, 2019. The May Private Placement Warrants, May Armistice Warrants
and Wainwright May Warrants