Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 109

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 109
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 Class A Ordinary Shares if the shares are successfully listed on the Nasdaq Capital Market or other stock markets, as the future sale of a substantial amount of outstanding Class A Ordinary Shares in the public marketplace could reduce the price of our Class A Ordinary Shares.

The market price of our Class A Ordinary Shares could decline as a
result of sales of substantial amounts of our Class A Ordinary Shares in the public market, or the perception that these sales could occur.
In addition, these factors could make it more difficult for us to raise funds through future offerings of our Class A Ordinary Shares.
An aggregate of 5,346,823 Class A Ordinary Shares are outstanding as of the date hereof. 4,950,322 of the Class A Ordinary Shares are
freely transferable without restriction or further registration under the Securities Act. The remaining Class A Ordinary Shares will be
“restricted securities” as defined in Rule 144. These Class A Ordinary Shares may be sold without registration under the Securities
Act to the extent permitted by Rule 144 or other exemptions under the Securities Act.

A sale or perceived sale of a substantial number of our Class A Ordinary Shares may cause the price of our Class A Ordinary Shares to decline.

If our shareholders sell substantial
amounts of our Class A Ordinary Shares in the public market, the market price of our Class A Ordinary Shares could fall. Moreover, the
perceived risk of this potential dilution could cause shareholders to attempt to sell their shares and investors to short our Class A
Ordinary Shares. These sales also may make it more difficult for us to sell equity or equity-related securities in the future at a time
and price that we deem reasonable or appropriate.

Issuances by us of additional securities could affect ownership and voting rights over us. In addition, the issuance of preferred shares, or options or warrants to purchase such preferred shares, could negatively impact the value of the Class A Ordinary Shares as the result of preferential dividend rights, conversion rights, redemption rights and liquidation provisions granted to the stockholders of such preferred shares.

From time to time, we may
issue in public or private sales additional securities to third party investors. Such securities may provide holders with ownership and
voting rights that could provide the holders thereof with substantial influence over our business. Any preferred shares that may be issued
shall have such rights, preferences, privileges and restrictions as may be designated from time-to-time by our board, including preferential
dividend rights, voting rights, conversion rights, redemption rights and liquidation provisions