Company: BDRX
Filing Date: 2025-01-17
Form Type: F-1
Source: 0001214659-25-000922
Chunk: 150

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-17
Form: F-1
Chunk 150
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 tothe Selling Shareholder will depend on a variety of factors to be determined by us from time to time, including, among others, market conditions, the trading price of our Depositary Shares and determinations by us as to the appropriate sources of funding for us and our operations.

At any time from and after the Commencement Date, on any business day on which the previous business day’s closing sale price of Depositary Shares was equal to or greater than $1.00 we may direct the Selling Shareholder to purchase a specified number of Depositary Shares not to exceed $200,000, at a purchase price equal to the lesser of 95% of (i) the daily VWAP of the Depositary Shares for the five trading days immediately preceding the applicable Purchase Date for such Fixed Purchase and (ii) the lowest sale price of a Depositary Share on the trading day immediately preceding the Purchase Date.

In addition, at any time from and after the Commencement Date, on any business day on which the previous business day’s closing sale price of the Depositary Shares is equal to or greater than $1.00 and such business day is also the Purchase Date for a Fixed Purchase of an amount of Depositary Shares not less than the applicable Fixed Purchase Maximum Amount (as defined in the Purchase Agreement), we may also directthe Selling Shareholder to purchase an additional number of Depositary Shares in an amount up to the VWAP Purchase Maximum Amount (as defined in the Purchase Agreement), at a purchase price equal to the lesser of 95% of (i) the closing price of a Depositary Share on the trading day immediately preceding the applicable VWAP Purchase Date and (ii) the VWAP during the period on the applicable VWAP Purchase Date beginning at the opening of trading and ending at the VWAP Purchase Termination Time (as defined in the Purchase Agreement).

At any time from and after the Commencement Date, on any business day that is also the VWAP Purchase Date for a VWAP Purchase, we may also directthe Selling Shareholder to purchase, on such same business day, or the Additional VWAP Purchase Date, an additional number of Depositary Shares in an amount up to the Additional VWAP Purchase Maximum Amount (as defined in the Purchase Agreement), at a purchase price equal to the lesser of 95% of (i) the closing price of a Depositary Share on the trading day immediately preceding the applicable Additional VWAP Purchase Date and (ii) the VWAP during the Additional VWAP Purchase Period (as