Company: BDRX
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001214659-25-007340
Chunk: 25

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-12
Form: 424B3
Chunk 25
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that, after giving effect to such exercise, such holder, together with such holder’s affiliates, and any persons acting as a group
together with such holder or any such affiliate, would beneficially own in excess of 4.99% of the number of Ordinary Shares outstanding
immediately after giving effect to the issuance of the Ordinary Shares underlying the Depositary Shares upon such exercise. The holder
of such warrant, upon notice to us, may increase or decrease the beneficial ownership limitation to a percentage not to exceed 9.99%,
provided that any increase in the beneficial ownership limitation shall not be effective until 61 days following notice to us. Beneficial
ownership of the holder and its affiliates will be determined in accordance with Section 13(d) of the Exchange Act, and the rules and
regulations promulgated thereunder.

Stock dividends and stock splits. If we pay a stock dividend or otherwise make a distribution payable in Depositary Shares or Ordinary
Shares, or any other equity or equivalent securities, subdivide or combine outstanding Depositary Shares or Ordinary Shares, or reclassify
Depositary Shares, Ordinary Shares or any shares of our capital stock, the exercise price of each February Placement Agent Warrant will
be adjusted by multiplying the then exercise price by a fraction, the numerator of which shall be the number of Depositary Shares (excluding
treasury shares, if any) outstanding immediately before such event, and the denominator of which shall be the number of Depositary Shares
outstanding immediately after such event.

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Rights Offerings; pro rata distributions. If we issue Ordinary Share equivalents or rights to purchase shares, warrants, securities or other
property pro rata to holders of Depositary Shares, a holder of a February Placement Agent Warrant will be entitled to acquire, subject
to the beneficial ownership limitation described above, such securities or property that such holder could have acquired if such holder
had held the number of Depositary Shares issuable upon complete exercise of the February Placement Agent Warrant immediately prior to
the date a record is taken for such issuance. If we declare or make any dividend or other distribution of assets or rights to acquire
assets to holders of Depositary Shares or Ordinary Shares, a holder of a February Placement Agent Warrant will be entitled to participate,
subject to the beneficial ownership limitation, in such distribution to the same extent that the holder would have participated therein
if the holder had held the number of Depositary Shares issuable upon full exercise of the February Placement Agent Warrant