Company: PSTV
Filing Date: 2025-06-20
Form Type: 8-K
Source: 0001193125-25-143665
Chunk: 1

Company: PLUS THERAPEUTICS, INC.
Filing Date: 2025-06-20
Form: 8-K
Item: Item 1.01
Chunk 1
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 if after giving effect to such full proportionate adjustment, the adjusted Regular Purchase Share Limit would preclude the Company from requiring Lincoln Park to purchase shares of its common stock at an aggregate purchase price equal to or greater than $50,000 in any single Regular Purchase, then the Regular Purchase Share Limit will not be fully adjusted, but rather the Regular Purchase Share Limit for such Regular Purchase shall be adjusted as specified in the Purchase Agreement, such that, after giving effect to such adjustment, the Regular Purchase Share Limit will be equal to (or as close as can be derived from such adjustment without exceeding) $50,000.

The purchase price per share for each such Regular Purchase will be equal to 97% of the lower of:

  the lowest sale price for the Company’s common stock on the purchase date for such shares of common stock; and  

  the arithmetic average of the three lowest closing sale prices for the Company’s common stock during the 10 consecutive business days ending on the business day immediately preceding the purcha...  

In addition to Regular Purchases described above, the Company may also direct Lincoln Park, on any business day on which it has properly submitted a Regular Purchase notice directing Lincoln Park to purchase the maximum number of shares of its common stock that it is then permitted to include in a single Regular Purchase notice, to purchase an additional amount of its common stock (an “ Accelerated Purchase”), not to exceed the lesser of:

  30% of the aggregate number of shares of the Company’s common stock traded during all or, if certain trading volume or market price thresholds specified in the Purchase Agreement are crossed on...  

  300% of the number of purchase shares purchased pursuant to the corresponding Regular Purchase.  

The purchase price per share for each such Accelerated Purchase will be equal to 96.5% of the lower of:

  the volume weighted average price of the Company’s common stock during the Accelerated Purchase Measurement Period on the applicable Accelerated Purchase Date; and  

  the closing sale price of the Company’s common stock on the applicable Accelerated Purchase Date.  

The Company may also direct Lincoln Park, not later than 1:00 p. m., Eastern time, on a business day on which an Accelerated Purchase has been completed and all of the shares of its common stock to be purchased thereunder (and under the corresponding Regular Purchase) have been properly delivered to Lincoln Park in accordance with the Purchase Agreement prior to such time on such business day, to purchase (an “ Additional Accelerated Purchase”) an additional amount