Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 195

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 195
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 Delaware is attractive to directors, officers, and stockholders alike. Aptorum Delaware’s incorporation in Delaware may make Aptorum Delaware more attractive to future candidates for the Aptorum Delaware Board, because many such candidates are already familiar with Delaware corporate law from their past business experiences. To date, we have not experienced difficulty in retaining directors or officers, but directors of public companies are exposed to significant potential liability. Thus, candidates’ familiarity and comfort with Delaware laws — especially those relating to director indemnification (as discussed below) — draw such qualified candidates to Delaware corporations. The Aptorum Board therefore believes that providing the benefits afforded directors by Delaware law will enable Aptorum Delaware to compete more effectively with other public companies in the recruitment of talented and experienced directors and officers. The frequency of claims and litigation pursued against directors and officers has greatly expanded the risks facing directors and officers of corporations in carrying out their respective duties. The amount of time and money required to respond 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