Company: BDRX
Filing Date: 2025-01-28
Form Type: 424B3
Source: 0001214659-25-001409
Chunk: 118

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-28
Form: 424B3
Chunk 118
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 paid by the Selling
Shareholder in such Fixed Purchase, VWAP Purchase or Additional VWAP Purchase, the purchase price for such applicable Fixed Purchase,
VWAP Purchase or Additional VWAP Purchase would be reduced to the New Issuance Price, subject to the terms and conditions set forth in
the Purchase Agreement.

No Short-Selling or Hedging

The Selling Shareholder has
agreed that neither it nor any entity managed or controlled by it will engage in, directly or indirectly, any (A) “short sale”
(as such term is defined in Rule 200 of Regulation SHO of the Exchange Act) of our Depositary Shares or (B) hedging transaction, which,
with respect to items (A) and (B), establishes a net short position with respect to the Depositary Shares, during the term of the Purchase
Agreement. The Selling Shareholder has also agreed that neither it nor any entity managed or controlled by it will engage in or effect,
in any manner whatsoever, directly or indirectly, any “short sale” (as such term is defined in Rule 200 of Regulation SHO
of the Exchange Act) of our Depositary Shares.

| 59 |

Effect of Sales of our Depositary Shares under the Purchase Agreement on our Shareholders

The Depositary Shares being
registered for resale in this offering may be issued and sold by us to the Selling Shareholder from time to time at our discretion, during
the terms described above. The resale by the Selling Shareholder of a significant quantity of shares registered for resale in this offering
at any given time, or the perception that these sales may occur, could cause the market price of our Depositary Shares to decline and
to be highly volatile. Sales of our Depositary Shares, if any, to the Selling Shareholder under the Purchase Agreement will be determined
by us in our sole discretion, subject to the satisfaction of certain conditions in the Purchase Agreement, and will depend upon market
conditions and other factors. We may ultimately decide to sell to the Selling Shareholder all, some or none of the Depositary Shares that
may be available for us to sell to the Selling Shareholder pursuant to the Purchase Agreement. If we elect to sell Depositary Shares to
the Selling Shareholder pursuant to the Purchase Agreement, after the Selling Shareholder has acquired such shares, the Selling Shareholder
may resell all, some or none of such Depositary Shares at any time or from time to time in its discretion and at different prices. As
a