Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 139

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 139
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 Thus,DiamiR may not be able to generate a profit until its product candidates become profitable.

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There is substantial doubt about DiamiR’s ability to continue as a going concern.

DiamiR’s auditors have
indicated in their audit opinion there is substantial doubt as to DiamiR’s ability to continue as a going concern in their audit
report on its audited financial statements for the year ended May 31, 2024. Since its inception in December 2009, DiamiR’s operations
have been funded through capital contributions of its founders as well as grant funding received through the government agencies and a
private foundation. DiamiR’s management believes this capital is insufficient to fund its operations for the next twelve months
and does not anticipate that DiamiR’s existing working capital alone will be sufficient to fund its operations through the successful
development and commercialization of products. As a result, DiamiR will need additional capital to fund its operations and continue to
conduct activities to support its product development and commercialization activities. Diamir’s failure to raise additional funds
may require DiamiR to suspend or cease its activities altogether which could result in the loss of your investment.

If DiamiR fails to raise additional capital, its ability to implement its business model and strategy could be compromised.

DiamiR has limited capital
resources and operations. To date, DiamiR’s operations have been funded entirely from the proceeds from equity financings, loans
from shareholders or grants. DiamiR expects to require substantial additional capital in the near future to develop and market new products,
services and technologies.

DiamiR believes that it will
require a substantial amount of capital to fund the expenses for research and development (“R&D), and compensation of its executive
management and employees. These projected operating expenses are based solely on DiamiR’s rough estimates and do not include any
extraordinary items or expenditures, which may be incurred from time to time during the course of its business.

Accordingly, if DiamiR does
not receive additional financing in the future, DiamiR may be unable to carry out its full business plan. DiamiR currently does not have
commitments for financing to meet its expected needs and DiamiR may not be able to obtain additional financing on terms acceptable to
it, or at all. Even if DiamiR obtains financing for its near-term operations and product development, DiamiR expects that it will require
additional