Company: PSTV
Filing Date: 2025-07-21
Form Type: DEF 14A
Source: 0001140361-25-026611
Chunk: 65

Company: PLUS THERAPEUTICS, INC.
Filing Date: 2025-07-21
Form: DEF 14A
Chunk 65
---
 of the initial commitment fee, such Commitment Shares will have a per share value equal to the lower of (a) $0.31 and (b) such dollar amount equal to 97% of the lower of (1) the lowest sale price on the date selected by the Company to pay the initial commitment fee and (2) the arithmetic average of the three lowest closing sale prices for the shares of Common Stock during the ten consecutive trading days ending on the trading 39 TABLE OF CONTENTS day immediately preceding such date (in each case, to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction). If any Commitment Shares are to be issued to pay all or part of the additional commitment fee, such Commitment Shares will have a per share value equal to 97% of the lower of (a) the lowest sale price on the date the additional commitment fee is due and (b) the arithmetic average of the three lowest closing sale prices for the shares of Common Stock during the ten consecutive trading days ending on the trading day immediately preceding such date (in each case, to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction). For purposes of complying with Nasdaq Listing Rule 5635(d), we are asking our stockholders to approve the potential issuance of up to an aggregate of 10,000,000 Commitment Shares (assuming the Commitment Shares will not have a per share value below the Floor Price) under the Lincoln Park Purchase Agreement.In all instances, we may not sell shares of our Common Stock to Lincoln Park under the Lincoln Park Purchase Agreement if it would result in Lincoln Park beneficially owning more than 4.99% of our Common Stock. There are no upper limits on the price per share that Lincoln Park must pay for shares of Common Stock. We currently intend to use the net proceeds from the sale of Common Stock to Lincoln Park for general corporate purposes. Requirement to Seek Stockholder Approval As a result of the listing of our Common Stock on The Nasdaq Capital Market, issuances of our Common Stock are subject to the Nasdaq Listing Rules, including Rule 5635(d), which requires us to obtain stockholder approval prior to the issuance of securities in connection with a transaction, other than a public offering, involving the sale, issuance or potential issuance by us of more than 19.99% of our outstanding shares of our Common Stock (or securities convertible into or exercisable for