Filed pursuant to Rule 424(b)(3)
Registration No.: 333-270353
PROSPECTUS SUPPLEMENT
BIODEXA PHARMACEUTICALS PLC
Up to 2,169,790,225 Ordinary Shares Representing
86,791,609 American Depositary Shares
This prospectus supplement
(the “Prospectus Supplement”) amends and supplements our prospectus contained in our Registration Statement on Form F-1, effective
as of March 24, 2023 (the “Prospectus”), related to the resale by the selling shareholders identified in the Prospectus of
up to an aggregate of 2,169,790,225 of our ordinary shares, nominal value 0.1p per share (the “Ordinary Shares”), represented
by 86,791,609 American Depositary Shares (the “Depositary Shares”).
This Prospectus Supplement
is being filed in order to incorporate into and include in the Prospectus the information set forth in our Form 6-K filed with the Securities
and Exchange Commission on March 29, 2023, which is attached hereto. This Prospectus Supplement should be read in conjunction with the
Prospectus and is qualified by reference to the Prospectus except to the extent that the information in this Prospectus Supplement supersedes
the information contained therein.
Our Depositary Shares are
listed on the NASDAQ Capital Market under the symbol “MTP.” The last reported closing price of Depositary Shares on the NASDAQ
Capital Market on March 27, 2023 was $0.4703.
Our Ordinary Shares are admitted
for trading on AIM, a market operated by the London Stock Exchange plc (“AIM”) under the listing code “MTPH.”
The last reported closing price of our Ordinary Shares on AIM on March 27, 2023 was £0.0095.
Investing in our securities
involves risks. See “Risk Factors” beginning on page 6 of the Prospectus and in the documents incorporated by reference in
the Prospectus for a discussion of the factors you should carefully consider before deciding to purchase these securities.
Neither the Securities
and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus
is truthful or complete. Any representation to the contrary is a criminal offense.
______________________________
The date of this Prospectus Supplement is March
29, 2023.
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of March 2023
Commission File Number 001-37652
Biodexa Pharmaceuticals PLC
(Translation of registrant’s name into English)
1 Caspian Point,
Caspian Way
Cardiff, CF10 4DQ, United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form
40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
On March 28, 2023, Biodexa Pharmaceuticals PLC
(the “Company”) issued a press release announcing that it issued to various U.S. investors 7,473,095 new ordinary shares of
£0.02 each in the Company, pursuant to the exercise notices received on March 27, 2023 in respect of 848,068 Series A Warrants and
646,551 Series B Warrants. A copy of the press release is attached hereto as Exhibit 99.1.
The information included in this report on
Form 6-K shall be deemed to be incorporated by reference into the registration statements on Form S-8 (File Number 333-209365) and Form
F-3 (File Number 333-267932) of the Company (including any prospectuses forming a part of such registration statements) and to
be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed
or furnished.
SUBMITTED HEREWITH
Attached to the Registrant’s Form 6-K filing
for the month of March 2023 is:
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Biodexa Pharmaceuticals PLC |
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Date: March 29, 2023 |
By: |
/s/ Stephen Stamp |
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Stephen Stamp |
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Chief Executive Officer and Chief Financial Officer |
Exhibit 99.1
28 March 2023
Biodexa Pharmaceuticals PLC
(“Biodexa” or the “Company”)
Exercise of Warrants
and Issue of Equity
Total Voting Rights
Biodexa Pharmaceuticals PLC (AIM: BDRX;
Nasdaq: BDRX), a drug delivery technology company focused on improving the bio-delivery and biodistribution of medicines, announces that
it has today issued to various US investors 7,473,095 new ordinary shares of £0.02 each in the Company (“New Ordinary Shares”),
pursuant to the exercise notices in respect of 848,068 A Warrants and 646,551 B Warrants received yesterday. All such warrants were exercised
on a cashless basis and further details are set out in the Company’s circular dated 7 March 2023.
Admission and total voting rights
Application has been made to the London
Stock Exchange plc for the admission to trading on AIM of the New Ordinary Shares, which is expected to become effective and dealings
commence at 8.00 a.m. on or around 3 April 2023 (“Admission”). The New Ordinary Shares will rank
pari passu with the existing ordinary shares.
The Company's enlarged issued share capital on
Admission will comprise 16,140,432 ordinary shares, each with voting rights. The Company does not hold any shares in treasury. This figure
of 16,140,432 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s
Disclosure Guidance and Transparency Rules.
Unless otherwise defined, capitalised
terms used in this announcement have the same meanings as ascribed to them in the Company’s circulated dated 7 March 2023.
This
announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018, as amended.
For more information,
please contact:
Biodexa Pharmaceuticals
PLC
Stephen Stamp, CEO, CFO
Tel: +44 (0)29 2048 0180
www.midatechpharma.com
Strand Hanson Limited
(Nominated Adviser and Broker)
James Dance / Matthew
Chandler / Rob Patrick
Tel: +44 (0)20 7409 3494
IFC Advisory Limited
(Financial PR and UK Investor Relations)
Tim Metcalfe / Graham
Herring
Tel: +44 (0)20 3934 6630
Email: midatech@investor-focus.co.uk
Edison Group (US Investor Relations)
Alyssa Factor
Tel: +1 (860) 573 9637
Email: afactor@edisongroup.com
About Biodexa Pharmaceuticals
PLC
Biodexa Pharmaceuticals PLC (dual listed on AIM:
BDRX; and NASDAQ: BDRX) is a drug delivery technology company focused on improving the bio-delivery and bio-distribution of medicines. The
Company combines approved and development medications with its proprietary and innovative drug delivery technologies to provide compelling
products that have the potential to powerfully impact the lives of patients.
The Company has developed three in-house technology
platforms, each with its own unique mechanism to improve delivery of medications to sites of disease. All of the Company’s technologies
have successfully entered human use in the clinic, providing important validation of the potential for each platform:
| · | Q-Sphera™ platform: a disruptive micro-technology used for sustained release to prolong and control
the release of therapeutics over an extended period of time (from weeks to months). |
| · | MidaSolve™ platform: an innovative nanotechnology used to dissolve insoluble drugs so that they
can be administered in liquid form directly and locally into tumours. |
| · | MidaCore™ platform: a leading-edge nanotechnology used for targeting medications to sites of disease. |
The platform nature of the technologies offers
the potential to develop multiple drug assets rather than being reliant on a limited number of programmes. Biodexa’s technologies
are supported by 36 patent families including 120 granted patents and an additional 70 patent applications. Biodexa’s headquarters
and R&D facility is in Cardiff, UK.
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