Company: NCNA
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001193125-25-103135
Chunk: 33

Company: NuCana plc
Filing Date: 2025-04-29
Form: F-1/A
Chunk 33
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0.5601 per ADS and accompanying Series A Warrant and Series B Warrant, which was the closing price of our ADSs on The Nasdaq Capital Market on April 28, 2025 and after deducting the Placement Agent fees and estimated offering expenses payable by us, excluding the proceeds, if any, from the cash exercise of the Series A Warrants and Series B Warrants issued in this offering, our as adjusted net tangible book value at December 31, 2024 would have been $10.8 million, or $0.02 per ordinary share and $0.58 per ADS. This represents an immediate decrease in as adjusted net tangible book value of $0.01 per ordinary share and $0.29 per ADS to existing ADS holders and immediate increase of $0.00 per ordinary share and $0.02 per ADS to new investors purchasing securities in this offering. The final public offering price will be determined through negotiation between us, the Placement Agent and the investors in the offering and may be at a discount to the current market price. Therefore, the assumed combined public offering price used throughout this prospectus may not be indicative of the final public offering price. The following table presents this dilution on a per ADS basis:

| Assumed combined public offering price per ADS and accompanying Series A Warrant and Series B 
 Warrant                                                                                       |     |   |       |   |     | $ | 0.5601 |   |
| Net tangible book value per ADS as of December 31, 2024                                       |     | $ |  0.83 |   |     |   |        |   |
| Increase per ADS attributable to pro forma adjustment above                                   |     |   |  0.04 |   |     |   |        |   |
| Pro forma net tangible book value per ADS as of December 31, 2024                             |     |   |  0.87 |   |     |   |        |   |
| Decrease in net tangible book value per ADS attributable to this offering                     |     |   | (0.29 | ) |     |   |        |   |
| As adjusted net tangible book value per ADS after this offering                               |     |   |       |   |     |   |   0.58 |   |
| Increase per ADS to new investors in this offering                                            |     |   |       |   |     | $ |  (0.02 | ) |

A $0.