Company: APM
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001213900-25-111548
Chunk: 45

Company: Aptorum Group Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 45
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 not consummated, Aptorum’s share price could decline. The consummation of the Merger with DiamiR is subject to a number of closing conditions, including the completion of the Domestication, conversion of all outstanding convertible debt of ours and DiamiR’s, approval by our shareholders, completion of review by Nasdaq of Aptorum’s listing of additional securities application of the shares of common stock of the Combined Company to be issued in connection with the closing of the Merger, and other customary closing conditions. In addition, at the closing date of the Merger, Aptorum should maintain an aggregate amount of unrestricted cash and cash equivalents of not less than $2,260,000, and an amount of Working Capital (as defined in the Merger Agreement) of not less than $1,644,000. As of June 30, 2025, Aptorum has approximately $2.8 million in cash and a current assets of approximately $3.0 million. We intend to address any shortfall through the execution of a public or private financing. The Company is targeting a closing of the transaction in the fourth quarter of 2025. If the DiamiR Merger is not consummated, Aptorum may be subject to a number of material risks, and its share price could be adversely affected, as follows:

| ● | Aptorum has incurred and expects to continue to incur significant                         
 expenses related to the Merger with DiamiR, even if the DiamiR Merger is not consummated. |

| ● | The Merger Agreement contains covenants restricting Aptorum’s                                                                           
 solicitation of competing acquisition proposals and the conduct of Aptorum’s business between the date of signing the Merger Agreement  
 and the closing of the Merger. As a result, significant business decisions and transactions before the closing of the Merger require    
 the consent of DiamiR. Accordingly, Aptorum may be unable to pursue business opportunities that would otherwise be in its best interest 
 as a standalone company. Aptorum has invested significant time and resources in the transaction process and if the Merger Agreement is  
 terminated Aptorum will have a limited ability to continue its current operations without obtaining additional financing.               |

| ● | Aptorum’s collaborators and other business partners                                                                              
 and investors in general may view the failure to consummate the DiamiR Merger as a poor reflection on its business or prospects. |

| ● | Some of Aptorum’s collaborators and other business partners                                                        
 may seek to change or