Company: BDRX
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001214659-25-016821
Chunk: 152

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: F-1
Chunk 152
---
 in electronic format, the information on these websites is not part of, nor incorporated by reference into,
this prospectus or the registration statement of which this prospectus forms a part, has not been approved or endorsed by us, and should
not be relied upon by investors.

| 88 |

Regulation M

The placement agent may be
deemed to be an underwriter within the meaning of Section 2(a)(11) of the Securities Act and any fees received by it and any profit realized
on the sale of the securities by it while acting as principal might be deemed to be underwriting commissions under the Securities Act.
The placement agent will be required to comply with the requirements of the Securities Act and the Exchange Act including, without limitation,
Rule 10b-5 and Regulation M under the Exchange Act. These rules and regulations may limit the timing of purchases and sales of the securities
by the placement agent. Under these rules and regulations, the placement agent may not (i) engage in any stabilization activity in connection
with our securities; and (ii) bid for or purchase any of our securities or attempt to induce any person to purchase any of our securities,
other than as permitted under the Exchange Act, until they have completed their participation in the distribution.

Passive Market Making

The placement agent may also
engage in passive market making transactions in the common stock on Nasdaq in accordance with Rule 103 of Regulation M during
a period before the commencement of offers or sales of the Depositary Shares in this offering and extending through the completion of
distribution. A passive market maker must display its bid at a price not in excess of the highest independent bid of that security. However,
if all independent bids are lowered below the passive market maker’s bid, that bid must then be lowered when specified purchase
limits are exceeded.

Other Relationships and Affiliations

The placement agent and its affiliates may provide from time to time
in the future, certain commercial banking, financial advisory, investment banking and other services to the Company and its affiliates
in the ordinary course of their business, for which they may receive customary fees and commissions. From time to time, the placement
agent and its affiliates may effect transactions for their own account or the account of customers, and hold on behalf of themselves or
their customers, long or short positions in the Company’s debt or equity securities or loans.

| 89 |

Selling Restrictions

Canada. The
securities may be sold in Canada only to purchasers purchasing, or deemed to be purchasing,