Company: APM
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001213900-25-118752
Chunk: 205

Company: Aptorum Group Ltd
Filing Date: 2025-12-05
Form: 424B5
Chunk 205
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7.7 million for the years ended December 31, 2024, and 2023. The net cash used in operating activities declined due to the implementation
of stringent budgetary control measures, as a result of the Company’s exclusive emphasis on the previously anticipated Merger.

Investing activities

Net cash used in investing activities amounted to $0.1 million and
$0.6 million for the years ended December 31, 2024, and 2023. The decrease in net cash provided by investing activities was due to the
decrease in cash received from related parties for loan repayment by $0.6 million.

Financing activities

Net cash provided by financing activities amounted to $nil and $4.1
million for the year ended December 31, 2024, and 2023. The decrease in net cash inflow from financing activities is attributed to the
absence of financing activities during the period, as the Company was solely focused on the previously anticipated Merger.

Condensed Summary of Cash Flows for the Years Ended December 31, 2023 and 2022

|                                                               |     |   |   Year Ended 
 December 31, 
         2023 |   |     |   |   Year Ended 
 December 31, 
         2022 |   |
|:--------------------------------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Net cash used in operating activities                         |     | $ |   (7,724,364 | ) |     | $ |  (12,318,965 | ) |
| Net cash provided by investing activities                     |     |   |      624,767 |   |     |   |    2,444,896 |   |
| Net cash provided by financing activities                     |     |   |    4,092,068 |   |     |   |    6,625,462 |   |
| Net decrease in cash and cash equivalents and restricted cash |     |   |   (3,007,529 | ) |     |   |   (3,248,607 | ) |

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Operating activities

Net cash used in operating activities amounted to $7.7 million and
$12.3 million for the years ended December 31, 2023, and 2022. The net cash used in operating activities declined due to the implementation
of