Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 504

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 504
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 |     76,992 |   |

14. ORDINARY SHARES For the six months ended June 30, 2024, the Group issued 289,401, respectively, Class A Ordinary Shares to share option holders due to exercise of share options. For the six months ended June 30, 2024, the Group issued 446,842Class A Ordinary Shares to Class B Ordinary Shares holders upon conversion.

F-47

APTORUM GROUP LIMITED NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Stated in U.S. Dollars) 14. ORDINARY SHARES (cont.) On January 2, 2025, the Company entered into a certain securities purchase agreement (the “Securities Purchase Agreement”) with certain non -affiliatedinstitutional investors (the “Purchasers”) pursuant to which the Company sold 1,535,000Class A ordinary shares of the Company (the “Shares”), par value $ 0.00001per share (the “Ordinary Shares”) at a per share price of $ 2.00in a registered direct offering, for gross proceeds of $ 3,070,000(the “Offering”). and the net proceeds after deducting the related expense is $ 2,699,200The Securities Purchase Agreement was fully executed on January 3, 2025. Holders of Class A Ordinary Shares and Class B Ordinary Shares have the same rights except for the following: (i) each Class A Ordinary Share is entitled to onevote while each Class B Ordinary Share is entitled to tenvotes; and (ii) each Class B Ordinary Share is convertible into oneClass A Ordinary Share at any time while Class A Ordinary Shares are not convertible under any circumstances. 15. CONVERTIBLE NOTE On September 11, 2023, the Group entered into a securities purchase agreement with Jurchen Investment Corporation, the largest shareholder of the Company, pursuant to which the Group sold a secured convertible note in the aggregate principal amount of $ 3,000,000(the “Sep 2023 Notes”). The Sep 2023 Notes are convertible into the Company’s Class A Ordinary Shares and have a maturity date that is 24 months from the issuance date, although upon such date the investor has the right to extend the term of the Sep 2023 Note for twelve (12) months or more or such term subject to mutual consent. On September11, 2025, the Group entered into an extension agreement with Jurchen