Company: BDRX
Filing Date: 2025-01-17
Form Type: F-1
Source: 0001214659-25-000922
Chunk: 251

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-17
Form: F-1
Chunk 251
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 Warrants

On May
22, 2020, we issued 333,333 units, with each unit comprising one new ordinary share and one warrant. The exercise price of the warrants
is £6.80 per share, and it expires five years and six months from the issuance date. We also issued warrants to purchase a total
of 16,400 ordinary shares to Turner Pope, the placing agent, in connection with the closing of such offering, on the same terms and conditions
as the other investors in the offering.

August 2022 Warrants

On
August 3, 2022, we issued warrants to purchase 16,400 Ordinary Shares to Strand Hanson Limited, in payment for services rendered. The
exercise price of such warrants is £2.70 per share and they expire three years from the issuance date.

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February Placement Agent Warrants

The
following is a brief summary of the February Placement Agent Warrants issued in connection with the February Private Placement and is
subject in all respects to the provisions contained in the warrant, which is filed as an exhibit to our Report on Form 6-K dated February
9, 2023. All pre-funded warrants, Series A Warrants and Series B Warrants issued in connection with the February Private Placement have
been exercised.

Exercisability.
The February Placement Agent Warrants are exercisable and expire three years from the initial exercise date. The holder shall deliver
the aggregate exercise price for the Depositary Shares specified in the exercise notice within two trading days following the date of
exercise (subject to the ‘cashless exercise’ arrangements described below).

Cashless Exercise. The February Placement Agent Warrants may only be exercised on a cashless basis if, following a date that is six months
from the original issuance date, at the time of exercise, there is no effective registration statement registering with a current prospectus
available for resale of the Depositary Shares underlying the February Placement Agent Warrants.

Exercise Price.The exercise price of a portion of the February Placement Agent Warrants are $10,000.00 per Depositary Share and another
portion is $5,800.00 per Depositary Share, respectively, each subject to the ‘cashless exercise’ arrangements described above
and to adjustment as described herein.

Beneficial Ownership Limitation. A holder shall have no right to exercise any portion of a February Placement Agent Warrant, to the extent
that, after giving effect to such exercise, such holder, together with such holder