Company: PSTV
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001193125-25-142935
Chunk: 2

Company: PLUS THERAPEUTICS, INC.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 2
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 securities under this prospectus and will not receive any of the proceeds from the sale of our common stock by the selling stockholder. However, we may receive up to $25 million
aggregate gross proceeds (the “Initial Available Amount”) from sales of common stock to Lincoln Park under the Purchase Agreement and, upon our receipt of gross proceeds equal to the full Initial Available Amount from such sales, the total
aggregate dollar amount that will be available to us under the Purchase Agreement will automatically increase by an additional $25 million aggregate gross proceeds (such additional amount, the “Additional Available Amount”), and
thereafter we may receive up to such Additional Available Amount (or up to a total of $50 million aggregate gross proceeds (the “Total Available Amount”)) from sales of common stock to Lincoln Park under the Purchase Agreement.
Pursuant to the Purchase Agreement, as consideration for its irrevocable commitment to purchase up to the Initial Available Amount of shares of our common stock at our direction under the Purchase Agreement, we agreed to pay Lincoln Park a
commitment fee of $500,000 (the “Initial Commitment Fee”), on or prior to August 8, 2025 (the “Initial Commitment Fee Trigger Date”) in cash or, if we comply with certain requirements set forth in the Purchase Agreement, by
issuing shares of our common stock with a per share value calculated in accordance with the Purchase Agreement (such shares, the “Initial Commitment Shares”), or any combination thereof . We also agreed that, upon our receipt of aggregate
gross proceeds equal to the Initial Available Amount (the “Additional Commitment Fee Trigger Date”), as consideration for its irrevocable commitment to purchase up to the Additional Available Amount of shares of our common stock at our
direction under the Purchase Agreement, we will then pay Lincoln Park an additional commitment fee of $500,000 (the “Additional Commitment Fee”) in cash or, if we comply with certain requirements set forth in the Purchase Agreement, by
issuing shares of our common stock with a per share value calculated in accordance with the Purchase Agreement (such shares, the “Additional Commitment Shares”), or any combination thereof. See “The Lincoln Park Transaction” for
a description of the Purchase Agreement and “Selling Stockholder” for additional information regarding Lincoln Park.

The
selling stockholder may sell or otherwise dispose of the shares of common stock described in this prospectus in a number of different ways and at varying prices. See “Plan of Distribution” for more information about how