Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 189

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 6
Chunk 189
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 Purchase Agreement”) with certain non-affiliated institutional
investors (the “ Purchasers”) pursuant to which the Company sold 1,535,000 Class A ordinary shares of the Company (the “ Shares”),
par value $0.00001 per share (the “ Ordinary Shares”) at a per share price of $2.00 in a registered direct offering, for gross
proceeds of $3,070,000 (the “ Offering”). The Company agreed in the Securities Purchase Agreement that, subject to
certain exceptions, for thirty (30) calendar days following the closing of the Offering (the “ Standstill Period”), it would
not (i) issue, or enter into any agreement to issue or announce the issuance or proposed issuance of any Ordinary Shares, or any securities
of the Company or its subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares (the “ Ordinary
Share Equivalents”), or (ii) file any registration statement or amendment or supplement thereto, other than the Prospectus Supplement
contemplated in the Securities Purchase Agreement and the filing of a registration statement on Form S-8 in connection with any employee
benefit plan. In addition, during the Standstill Period, subject to certain exceptions, the Company is prohibited from effecting or entering
into an agreement to effect any issuance by the Company or any of its subsidiaries of Ordinary Shares or Ordinary Share Equivalents (or
a combination of units thereof) involving a Variable Rate Transaction (as defined in the Securities Purchase Agreement). The transaction
was completed on January 3, 2025.

Consulting Arrangements

CGY Investment Limited

We entered into a consulting
agreement with CGY Investment Limited (“ CGY”) effective on January 10, 2020. Pursuant to this agreement, CGY shall provide
certain consultancy, advisory, and management services to the Group on potential investment projects related to health care or R& D
platform; CGY Investment Limited is initially entitled to receive HK $104,000 (approximately $13,333) per calendar month plus reimbursement;
such monthly service fee is adjusted to HK$171,200 (approximately US$21,949) with effect from March 1, 2022. In August 2023, CGY Investment
Limited has agreed to suspended its monthly services fee from August 1, 2023. In November 2023, CGY Investment Limited and the Group reached
a mutual agreement to terminate their contractual