Company: BDRX
Filing Date: 2025-04-29
Form Type: POS AM
Source: 0001214659-25-006581
Chunk: 19

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-04-29
Form: POS AM
Chunk 19
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 under the Purchase Agreement, in the absence of any
other financing sources, could have a material adverse effect on our business or results of operation.

The Purchase Agreement and
Registration Rights Agreement contain customary registration rights, representations, warranties, conditions and indemnification obligations
by each party. The representations, warranties and covenants contained in such agreements were made only for purposes of such agreements
and as of specific dates, were solely for the benefit of the parties to such agreements and are subject to certain important limitations.

Purchase Agreement

Pursuant to the Purchase Agreement,
the Selling Shareholder shall, subject to the restrictions and satisfaction of the conditions in the Purchase Agreement, purchase from
us up to $35.0 million of Depositary Shares, upon the terms and subject to the conditions and limitations set forth in the Purchase Agreement,
and, accordingly, we have registered 350,000,000,000 Ordinary Shares representing 35,000,000 Depositary Shares for issuance under the
Purchase Agreement and resale pursuant to this prospectus, assuming that $35.0 million of shares are issued and sold at a price of $1.00
per share. The Depositary Shares that may be issued under the Purchase Agreement may be sold, subject to the restrictions and satisfaction
of the conditions in the Purchase Agreement, by us to the Selling Shareholder at our discretion from time to time from the Commencement
Date until the earliest to occur of a Termination Event.

Purchases of Depositary Shares Under the Purchase Agreement

During the term described
above, on any business day on which the closing sale price of the Depositary Shares is equal to or greater than $1.00, we will have the
right, but not the obligation, from time to time at our sole discretion, subject to the restrictions and satisfaction of the conditions
in the Purchase Agreement, to direct the Selling Shareholder, by delivery of a Fixed Purchase Notice to purchase a number of Depositary
Shares up to the Fixed Purchase Maximum Amount, at a purchase price equal to the lesser of 95% of (i) the Fixed Purchase Price and (ii)
the daily VWAP (as defined below) of the Depositary Shares for the five trading days immediately preceding the applicable Fixed Purchase
Date.

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In addition, at any time from
and after the Commencement Date, on any business day on which the previous business day’s closing sale price of the Depositary Shares
is equal to or greater than $1.00 and such business