Medicus Pharma Ltd. Enters Into $5.1 Million Warrant Inducement

Maxim Group LLC is acting as the exclusive Financial Advisor for the transaction

PHILADELPHIA, PA / ACCESS Newswire / December 5, 2025 / Medicus Pharma Ltd. (NASDAQ:MDCX) ("Medicus" or the "Company"), a precision guided biotech/life sciences company focused on advancing the clinical development programs of novel and potentially disruptive therapeutics assets, today announced that it has entered into a warrant inducement agreement for the immediate exercise of the total outstanding Series A Warrants and Series B Warrants that the Company issued on July 14, 2025 (the "Warrants"). Pursuant to the warrant inducement agreement, the investor has agreed to reduce the exercise price of the outstanding Warrants to an amended price of $1.92, and to exercise all outstanding Warrants to purchase an aggregate of 2,680,000 shares of the Company's common shares at the amended exercise price of $1.92. The gross proceeds from the exercise of the Warrants are expected to be approximately $5.1 million, prior to deducting placement agent fees and estimated offering expenses. The common shares issuable upon exercise of the Series A and Series B Warrants are registered pursuant to an effective registration statement on Form S-1 (No. 333-291651).

Maxim Group LLC is acting as the exclusive Financial Advisor for the transaction.

In consideration for the immediate exercise of the existing Warrants, the Company also agreed to issue to the investor unregistered Series C and Series D Warrants to purchase an aggregate of 4,020,000 of the Company's common shares, each with an exercise price of $2.00 per share (the "New Warrants"). The New Warrants will feature substantially the same terms, will be exercisable in accordance with their terms and will expire five- and one-half years from the date of issuance. The Company has agreed to timely file a registration statement with the Securities and Exchange Commission ("SEC") covering the resale of the common shares issuable upon exercise of the New Warrants.

The closing of the warrant exercise transactions is expected to occur on or about December 5, 2025, subject to satisfaction of customary closing conditions.

The New Warrants described above were offered in a private placement pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933, as amended (the "1933 Act") and, along with the common shares issuable upon their exercise, have not been registered under the 1933 Act, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission ("SEC") or an applicable exemption from such registration requirements.