Company: BDRX
Filing Date: 2025-01-28
Form Type: 424B3
Source: 0001214659-25-001409
Chunk: 247

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-28
Form: 424B3
Chunk 247
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 2024, the weighted average remaining life of the options was 9.6 years.

In connection with our acquisition
of DARA Biosciences, Inc. in December 2015, we assumed all of their outstanding options. As of June 30, 2024 there were outstanding options
to purchase 99 Ordinary Shares with a weighted average remaining life of 0.9 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, and the placement agent, Wainwright, or the Wainwright October
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, or the May Armistice Warrants. The following is a brief summary of the October Private Placement Warrants, Wainwright October
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 our Report on Form 6-K dated October 24, 2019, and for the May Private Placement Warrants, May
Armistice Warrants and Wainwright May Warrants, are filed as exhibits to our Report on Form 6-K dated May 20, 2020. On December 13, 2022,
the exercise price of the October Private Placement Warrants granted to Armistice and the May Private Placement Warrants was reduced to
$8,000.00. Unless otherwise stated, references to warrants in this section include the October Private Placement Warrants, May Private
Placement Warrants, Wainwright October Warrants and Wainwright May Warrants.

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