Company: MDCXW
Filing Date: 2025-09-19
Form Type: DRS
Source: 0001062993-25-015719
Chunk: 231

Company: Medicus Pharma Ltd.
Filing Date: 2025-09-19
Form: DRS
Chunk 231
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 | ) |   |      (1.53 | ) |
| Weighted average number of common shares outstanding - basic and diluted   |   |                9,619,184 |   |   |  3,479,494 |   |

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.

F-7

CONFIDENTIAL TREATMENT REQUESTED BY MEDICUS PHARMA LTD.PURSUANT TO 17 C.F.R. SECTION 200.83</div>

|                                                                                                                        |     | Common shares |     |            |     |      Additional 
 paid-in capital |     | Accumulated 
 deficit     |   |     |       Total |   |
|:-----------------------------------------------------------------------------------------------------------------------|:----|--------------:|:----|-----------:|:----|----------------:|:----|:------------|:--|:----|------------:|:--|
|                                                                                                                        |     |             # |     |          $ |     |               $ |     | $           |   |     |           $ |   |
| Balance as of December 31, 2022                                                                                        |     |     1,884,900 |     |    194,538 |     |               - |     | (12,383,622 | ) |     | (12,189,084 | ) |
| Issuance of common shares upon acquisition of Interactive Capital Partners Ltd.                                        |     |       287,471 |     |          - |     |               - |     | (50,000     | ) |     |     (50,000 | ) |
| Issuance of common shares upon conversion of preferred shares                                                          |     |     3,952,366 |     | 10,506,903 |     |               - |     | -           |   |     |  10,506,903 |   |
| Issuance of common shares upon conversion of promissory notes                                                          |     |       647,224 |     |  2,799,859 |     |               - |     | -           |   |     |   2,799,859 |   |
| Issuance of common shares upon conversion of note payable                                                              |     |        27,286 |     |    150,000 |     |               - |     | -           |   |     |     150,000 |   |
| Issuance of common shares in connection