Armistice Capital discloses 9.99% stake in Biodexa
Armistice Capital, LLC and Steven Boyd report beneficial ownership of 26,166 American Depositary Shares (ADSs) of Biodexa Pharmaceuticals Plc, representing 9.99% of this ADS class.
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Armistice Capital, LLC and Steven Boyd report beneficial ownership of 26,166 American Depositary Shares (ADSs) of Biodexa Pharmaceuticals Plc, representing 9.99% of this ADS class. Each ADS represents four hundred ordinary shares.
Armistice Capital is investment manager to Armistice Capital Master Fund Ltd., the direct holder of the ADSs, and exercises voting and investment power over these securities. Mr. Boyd, as managing member of Armistice Capital, may also be deemed to beneficially own these shares. Voting and dispositive powers are reported as shared for all 26,166 ADSs and sole power is reported as zero.
Key Figures
Beneficial ownership:26,166 American Depositary SharesPercent of ADS class:9.99%Shared voting power:26,166 American Depositary Shares+4 more
7 metrics
Beneficial ownership26,166 American Depositary SharesADSs of Biodexa Pharmaceuticals Plc reported as beneficially owned by Armistice Capital and Steven Boyd
Percent of ADS class9.99%Reported percentage of Biodexa Pharmaceuticals ADSs beneficially owned
Shared voting power26,166 American Depositary SharesADSs over which reporting persons have shared power to vote or direct the vote
Shared dispositive power26,166 American Depositary SharesADSs over which reporting persons have shared power to dispose or direct disposition
Sole voting power0 American Depositary SharesADSs over which the reporting persons have sole voting power
Sole dispositive power0 American Depositary SharesADSs over which the reporting persons have sole dispositive power
Ordinary shares per ADS400 ordinary sharesEach American Depositary Share represents four hundred ordinary shares of Biodexa
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
shared voting powerfinancial
"Shared power to vote or to direct the vote: 26,166"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared power to dispose or to direct the disposition of: 26,166"
Investment Management Agreementfinancial
"pursuant to an Investment Management Agreement, Armistice Capital exercises voting"
An investment management agreement is a written contract that hires a professional to make buying, selling and strategy decisions for an investment account or fund, and sets out their duties, fees, risk limits, performance measures and reporting requirements. It matters to investors because the agreement determines who controls the money, how much the service costs, what risks are allowed, and how success or failure is measured—think of it as the service contract that defines expectations and remedies for a hired portfolio manager.
exempted companyfinancial
"The Master Fund, a Cayman Islands exempted company that is an investment advisory client"
American Depositary Sharesfinancial
"Title of class of securities: American Depositary Shares, each representing"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Biodexa Pharmaceuticals (BDRX) does Armistice Capital report owning?
Armistice Capital and Steven Boyd report beneficial ownership of 9.99% of Biodexa Pharmaceuticals’ American Depositary Shares, based on 26,166 ADSs held through Armistice Capital Master Fund Ltd. This reflects their disclosed economic and voting interest in the ADS class.
How many Biodexa Pharmaceuticals (BDRX) ADSs does Armistice Capital beneficially own?
Armistice Capital and Steven Boyd report beneficial ownership of 26,166 American Depositary Shares of Biodexa Pharmaceuticals. Each ADS represents 400 ordinary shares, and these ADSs are held by Armistice Capital Master Fund Ltd., for which Armistice Capital is investment manager.
Who directly holds the Biodexa Pharmaceuticals (BDRX) ADSs reported by Armistice Capital?
The Armistice Capital Master Fund Ltd. is the direct holder of the 26,166 ADSs. Armistice Capital, as investment manager, exercises voting and investment power over these securities under an Investment Management Agreement and may be deemed a beneficial owner.
What voting and dispositive powers are reported over Biodexa (BDRX) ADSs?
The reporting persons disclose 0 ADSs with sole voting or dispositive power and 26,166 ADSs with shared voting and shared dispositive power. This means decisions on voting and disposition are shared rather than held individually by either reporting person.
What role does Steven Boyd have in the Biodexa Pharmaceuticals (BDRX) stake?
Steven Boyd is the managing member of Armistice Capital, LLC and may be deemed to beneficially own the 26,166 ADSs held by the Master Fund. He signs the joint ownership report and shares voting and dispositive power through his role.
Who has the right to dividends and sale proceeds from the Biodexa (BDRX) ADSs?
The Armistice Capital Master Fund Ltd., a Cayman Islands exempted company and advisory client of Armistice Capital, has the right to receive dividends and sale proceeds from the reported Biodexa ADSs, as disclosed in the ownership description.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Biodexa Pharmaceuticals Plc
(Name of Issuer)
American Depositary Shares, each representing four hundred ordinary shares
(Title of Class of Securities)
59564R872
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
59564R872
1
Names of Reporting Persons
Armistice Capital, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
26,166.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
26,166.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
26,166.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP Number(s):
59564R872
1
Names of Reporting Persons
Steven Boyd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
26,166.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
26,166.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
26,166.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Biodexa Pharmaceuticals Plc
(b)
Address of issuer's principal executive offices:
1 Caspian Point Caspian Way, Cardiff, United Kingdom CF10 4DQ
Item 2.
(a)
Name of person filing:
Armistice Capital, LLC
Steven Boyd
Collectively, the "Reporting Persons"
(b)
Address or principal business office or, if none, residence:
Armistice Capital, LLC
510 Madison Avenue, 7th Floor
New York, New York 10022
United States of America
Steven Boyd
c/o Armistice Capital, LLC
510 Madison Avenue, 7th Floor
New York, New York 10022
United States of America
(c)
Citizenship:
Armistice Capital, LLC - Delaware; Steven Boyd - United States of America
(d)
Title of class of securities:
American Depositary Shares, each representing four hundred ordinary shares
(e)
CUSIP No.:
59564R872
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
26,166
(b)
Percent of class:
9.99%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
26,166
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
26,166
Armistice Capital, LLC ("Armistice Capital") is the investment manager of Armistice Capital Master Fund
Ltd. (the "Master Fund"), the direct holder of the Shares, and pursuant to an Investment Management
Agreement, Armistice Capital exercises voting and investment power over the securities of the Issuer
held by the Master Fund and thus may be deemed to beneficially own the securities of the Issuer held
by the Master Fund. Mr. Boyd, as the managing member of Armistice Capital, may be deemed to
beneficially own the securities of the Issuer held by the Master Fund. The Master Fund specifically
disclaims beneficial ownership of the securities of the Issuer directly held by it by virtue of its inability to
vote or dispose of such securities as a result of its Investment Management Agreement with Armistice
Capital.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The Master Fund, a Cayman Islands exempted company that is an investment advisory client of Armistice Capital, has the right to receive dividends from, or the proceeds from the sale of, the reported securities.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Armistice Capital, LLC
Signature:
/s/ Steven Boyd
Name/Title:
Steven Boyd - Managing Member
Date:
08/14/2026
Steven Boyd
Signature:
/s/ Steven Boyd
Name/Title:
Steven Boyd
Date:
08/14/2026
Exhibit Information
JOINT FILING STATEMENT
PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
Dated: August 14, 2026
Armistice Capital, LLC
By: /s/ Steven Boyd
Steven Boyd - Managing Member
Steven Boyd
By: /s/ Steven Boyd
