Company: BDRX
Filing Date: 2025-01-28
Form Type: 424B3
Source: 0001214659-25-001409
Chunk: 114

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-28
Form: 424B3
Chunk 114
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 Shares, upon the terms and subject to the conditions and limitations set forth in the Purchase Agreement,
and, accordingly, we have registered 350,000,000,000 Ordinary Shares representing 35,000,000 Depositary Shares for issuance under the
Purchase Agreement and resale pursuant to this prospectus, assuming that $35.0 million of shares are issued and sold at a price of $1.00
per share. The Depositary Shares that may be issued under the Purchase Agreement may be sold, subject to the restrictions and satisfaction
of the conditions in the Purchase Agreement, by us to the Selling Shareholder at our discretion from time to time from the Commencement
Date until the earliest to occur of a Termination Event.

Purchases of Depositary Shares Under the Purchase Agreement

During the term described
above, on any business day on which the closing sale price of the Depositary Shares is equal to or greater than $1.00, we will have the
right, but not the obligation, from time to time at our sole discretion, subject to the restrictions and satisfaction of the conditions
in the Purchase Agreement, to direct the Selling Shareholder, by delivery of a Fixed Purchase Notice to purchase a number of Depositary
Shares up to the Fixed Purchase Maximum Amount, at a purchase price equal to the lesser of 95% of (i) the Fixed Purchase Price and (ii)
the daily VWAP (as defined below) of the Depositary Shares for the five trading days immediately preceding the applicable Fixed 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 Fixed Purchase Date for a Fixed Purchase of an amount of Depositary
Shares not less than the applicable Fixed Purchase Maximum Amount (calculated as of the applicable Fixed Purchase Date), we may also direct
the Selling Shareholder, by delivery of a VWAP Purchase Notice, to purchase, on the VWAP Purchase Date, an additional number of Depositary
Shares 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