Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 181

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 181
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 to such claims and to defend such litigation can be substantial. While both Cayman Islands and Delaware law permit a corporation to include a provision in its governing documents to reduce or eliminate the monetary liability of directors for breaches of fiduciary duty in certain circumstances, we believe that, in general, Delaware law is more developed and provides more guidance than Cayman Islands law on matters regarding a company’s ability to limit director liability. As a result, we believe that the corporate environment afforded by Delaware will enable Aptorum Delaware to compete more effectively with other public companies in attracting and retaining new directors. Regulatory Approvals; Third-Party Consents Aptorum is not required to make any filings or to obtain any approvals or clearances from any antitrust regulatory authorities in the United States or other countries in order to complete the Domestication. However, because the Domestication must occur in connection with the Merger, it will not occur unless the Merger can be completed, which will require the approvals as described under the section of this proxy statement/prospectus entitled “The Nasdaq Stock Issuance Proposal.” Aptorum must comply with applicable U.S. federal and state securities laws in connection with the Domestication. The Domestication will not breach any covenants or agreements binding upon Aptorum and will not be subject to any additional federal or state regulatory requirements, except compliance with the laws of the Cayman Islands and Delaware necessary to effect the Domestication. Proposed Charter and Proposed Bylaws Commencing with the effective time of the Domestication, the DGCL, the Proposed Charter and the Proposed Bylaws will govern the rights of stockholders in Aptorum Delaware. Vote Required for Approval The approval of the Domestication Proposal requires a special resolution, being the affirmative vote of holders of at least two -thirdsof the Aptorum Class A ordinary shares and Aptorum Class B ordinary shares, voting as a class, who, being present in person or by proxy and entitled to vote at the Special Meeting, vote at the Special Meeting. Abstentions and broker non -votes, while considered present for the purposes of establishing a quorum, will not count as votes cast at the Special Meeting. 90 Resolution to be Voted Upon “ RESOLVED, as a special resolution, that Aptorum be de -registeredin the Cayman Islands pursuant to clause 7 of the third amended and restated memorandum of association of Aptorum and article [53] of the third amended and restated articles of association of Aptorum and Part XII of the Cayman Islands Companies Act