Company: BDRX
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001214659-25-000935
Chunk: 3

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-21
Form: 424B3
Chunk 3
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 business day on which the previous business day’s closing sale price of the
Depositary Shares was equal to or greater than $1.00 (the “Purchase Date”), the Company may direct the Purchaser to purchase
a specified number of Depositary Shares (a “Fixed Purchase”) not to exceed $200,000, at a purchase price equal to the lesser
of 95% of (i) the daily volume weighted average price (the “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 prior to such applicable 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 shares of Depository Shares not less than the applicable Fixed Purchase Maximum Amount (as defined in the Purchase Agreement)
(the “VWAP Purchase Date”), the Company may also direct the Purchaser to purchase an additional number of shares of Depositary
Shares in an amount up to the VWAP Purchase Maximum Amount (as defined in the Purchase Agreement) (a “VWAP Purchase”) at a
purchase price equal to the lesser of 95% of (i) the closing sale price of a share of Depositary Shares on the trading day immediately
prior to such applicable 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, the Company
may also direct the Purchaser to purchase, on such same business day (the “Additional VWAP Purchase Date”), an additional
number of shares of Depositary Shares in an amount up to the Additional VWAP Purchase Maximum Amount (as defined in the Purchase Agreement)
(an “Additional VWAP Purchase”) at a purchase price equal to the lesser of 95% of (i) the closing price of a Depositary Share
on the trading day immediately prior to such applicable Purchase Date and (ii) the VWAP during the Additional VWAP Purchase Period