Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 203

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 203
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ger will consist of five (5) directors, consisting of two (2) of whom have been designated by DiamiR Primary Stockholder Parties and three (3) of whom has been designated by Aptorum. Effective as of the Effective Time, the following persons will be appointed to the Combined Company board of directors: DiamiR designees: Kira Sheinerman, Ph.D., MBA., and Laura A. Philips, Ph.D., MBA., and the following Aptorum designees: Ian Huen, Justin Wu, and Douglas Arner; Ian Huen is expected to be appointed as Chair of the board of directors of the Combined Company. Alidad Mireskandari, Ph.D., MBA will be appointed as a non -votingobserver to the Board of the Combined Company. At least three of the Combined Company directors shall be considered independent under Nasdaq requirements. The right to designate directors by Aptorum and DiamiR’s primary stockholder parties is only in connection with the closing of the Merger. Following the Merger, pursuant to the Combined Company’s Certificate of Incorporation and By -laws, the full Board will be able to fill vacancies to the Board by either the resignation or removal of current directors or by increasing the size of the Board. Additionally, other than the Board exercising its power set forth above, all replacements, new nominees and re -electionsof current Board members will be recommended by the Nominating Committee of the Board of Directors and approved by the current Board of Directors for submission to the Combined Company’s stockholders to be voted upon at the Combined Company’s Annual or Special Meetings. Following the Merger, neither Aptorum nor the DiamiR primary stockholder will have any rights to designate any directors, nominees or replacement directors. The Combined Company’s board of directors will only consist of one class of directors. For more information on the experience of each of the director nominees, please see the section titled “ Management of PubCo Following the Business Combination” of this proxy statement/prospectus. Vote Required for Approval The approval of the Director Appointment Proposal will require an ordinary resolution under Cayman Islands law, being the affirmative vote of a simple majority of votes cast by the holders of the issued and outstanding Alpha Star Ordinary Shares present in person or represented by proxy and entitled to vote at the Extraordinary General Meeting at which a quorum is present. However, as described elsewhere, Ian Huen, Aptorum’s Chairman and Chief Executive Officer, who beneficially owns 87.05% of Apt