Company: MDCXW
Filing Date: 2025-09-29
Form Type: S-1
Source: 0001062993-25-015839
Chunk: 81

Company: Medicus Pharma Ltd.
Filing Date: 2025-09-29
Form: S-1
Chunk 81
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 agreement with the Investor (as defined below), under which the Company has issued and sold three Debentures to the Investor in an aggregate principal amount totaling $5,000,000 during the three months ended June 30, 2025. The Debentures were issued at a discounted price of 90% for proceeds to the Company of $4,500,000. Interest will accrue on the outstanding principal amount of each Debenture at an annual rate of 8%, subject to a potential increase to 18% per annum upon the occurrence of certain events of default. The Debentures will mature on February 2, 2026 and are required to be repaid using proceeds from the SEPA (as defined below).

June 2025 Public Offering

On June 2, 2025, the Company closed a public offering with gross proceeds of $7.0 million. The Company issued 2,260,000 units at a price of $3.10 per unit. Each unit consisted of one common share of the Company and one June 2030 Warrant. The June 2030 Warrants have an exercise price of $3.10 per share and will expire on June 2, 2030. As of June 30, 2025 no warrants have been exercised for cash.

Results of Operations

The following table outlines our statements of loss and comprehensive loss for the three and six months ended June 30, 2025 and 2024:

|                                               |     | Three months ended June 30, 
                        2025 |   |     |       2024 |   |     |            |   |     | Six months ended June 30, 
                      2025 |   |     |       2024 |   |     |            |   |
|:----------------------------------------------|:----|----------------------------:|:--|:----|-----------:|:--|:----|-----------:|:--|:----|--------------------------:|:--|:----|-----------:|:--|:----|-----------:|:--|
|                                               |     |                           $ |   |     |          $ |   |     |     Change |   |     |                         $ |   |     |          $ |   |     |     Change |   |
| General and administrative                    |     |                   4,576,524 |   |     |  2,276,676 |   |     |  2,299