Company: MDCXW
Filing Date: 2025-09-19
Form Type: DRS
Source: 0001062993-25-015719
Chunk: 18

Company: Medicus Pharma Ltd.
Filing Date: 2025-09-19
Form: DRS
Chunk 18
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 124,402 |   |   |           116,323 |   |
| Debentures                                                                                                                                                             |   |     4,700,000 |   |   |                 - |   |
| Total current liabilities                                                                                                                                              |   |     8,544,165 |   |   |         2,306,229 |   |
| Operating lease liability, non-current                                                                                                                                 |   |       141,753 |   |   |           205,945 |   |
| Total liabilities                                                                                                                                                      |   |     8,685,918 |   |   |         2,512,174 |   |
| Shareholders' equity                                                                                                                                                   |   |               |   |   |                   |   |
| Common shares, no par value; unlimited shares authorized; 15,936,266 and 11,816,721 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively |   |    37,833,999 |   |   |        30,518,195 |   |
| Additional paid-in capital                                                                                                                                             |   |     5,597,106 |   |   |         1,520,412 |   |
| Accumulated deficit                                                                                                                                                    |   |   (40,182,395 | ) |   |       (28,903,903 | ) |
| Total shareholders' equity                                                                                                                                             |   |     3,248,710 |   |   |         3,134,704 |   |
| Total liabilities and shareholders' equity                                                                                                                             | $ |    11,934,628 |   | $ |         5,646,878 |   |

<div align='center'>9

CONFIDENTIAL TREATMENT REQUESTED BY MEDICUS PHARMA LTD.

PURSUANT TO 17 C.F.R. SECTION 200.83

RISK FACTORS</div>

You should carefully consider the risks described below and all other information contained in this prospectus before making an investment decision. If any of the following risks actually occur, our business, financial condition and results of operations could be materially and adversely affected. In that event, the trading price of our securities could decline, and you may lose part or all of your investment. This prospectus also contains forward-looking information that involves risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of many factors, including the risks described