Company: MDCXW
Filing Date: 2025-09-18
Form Type: 424B3
Source: 0001062993-25-015702
Chunk: 2

Company: Medicus Pharma Ltd.
Filing Date: 2025-09-18
Form: 424B3
Chunk 2
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 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter). Emerging growth company ☑ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

Securities Purchase Agreement and Debenture

On September 17, 2025, Medicus Pharma Ltd., a company incorporated under the laws of the Province of Ontario, Canada (the "Company"), entered into a securities purchase agreement (the "Purchase Agreement") with YA II PN, Ltd. ("Yorkville"), in connection with the issuance and sale by the Company of a debenture (the "Debenture") in the principal amount of $8,000,000 (the "Subscription Amount"). Yorkville purchased and the Company issued the Debenture upon the signing of the Purchase Agreement. Net proceeds to the Company from the issuance of the Debenture were approximately $5.7 million after giving effect to (a) the complete satisfaction and discharge of the approximately $1.7 million remaining outstanding balance of the $5.0 million aggregate principal amount of debentures that Yorkville purchased from the Company pursuant to that certain purchase agreement dated as of May 2, 2025 (the “Existing Debt Balance”) and (b) the original issue discount on the Subscription Amount and certain other fees and expenses. Contemporaneously with the execution and delivery of the Purchase Agreement, each of the Company's subsidiaries entered into a global guaranty agreement (the "Guaranty") in favor of Yorkville with respect to the Company's obligations under the Purchase Agreement and the Debenture. Capitalized terms used, but not otherwise defined, herein have the meaning ascribed to such terms in the Purchase Agreement, a copy of which is filed herewith as Exhibit 10.1.

Interest will accrue on the outstanding principal amount of the Debenture at an annual rate of 8.00%, subject to a potential increase to 18.00% per annum upon the occurrence of certain events of default. The Debenture will mature on September 17, 2026 (the "Maturity Date"). The Company will repay the Subscription Amount of the Debenture