Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 179

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 179
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 will file an application to deregister with the Cayman Islands Registrar of Companies, together with the necessary accompanying documents, and file the Proposed Charter and a certificate of corporate domestication with the Secretary of State of the State of Delaware, under which Aptorum will be domesticated and continue as a Delaware corporation. In connection with the Domestication: (i) each Aptorum Class A ordinary share, including the Converted Aptorum Class A ordinary shares, issued and outstanding immediately prior to the Domestication will automatically convert, on a one -for -onebasis, into one share of Aptorum Delaware common stock; (ii) each then issued and outstanding Class B ordinary share of Aptorum will convert automatically into a share of common stock of Aptorum Delawar and a share of non -votingand non -convertibleSeries A preferred stock of Aptorum Delaware. The Domestication Proposal, if approved, will authorize a change of Aptorum’s jurisdiction of incorporation from the Cayman Islands to the State of Delaware. Accordingly, while Aptorum is currently governed by the Companies Act, upon the Domestication, Aptorum Delaware will be governed by the DGCL. Aptorum encourages shareholders to carefully consult the information set out below under “— Comparison of Corporate Governance and Shareholder Rights.” Reasons for the Domestication The Aptorum Board believes that it would be in the best interests of Aptorum, in connection with the completion of the Merger, to effect the Domestication. Further, the Aptorum Board believes that any direct benefit that the DGCL provides to a corporation also indirectly benefits its stockholders, who are the owners of the corporation. Because Aptorum Delaware will operate within the United States following the Merger, it was the view of the Aptorum Board that Aptorum Delaware should be structured as a corporation organized in the United States. The Aptorum Board believes that there are several reasons why a reincorporation in Delaware is in the best interests of Aptorum and its shareholders. These additional reasons can be summarized as follows: • Prominence, Predictability and Flexibility of Delaware Law.For many years, Delaware has followed a policy of encouraging incorporation in its state and, in furtherance of that policy, has been a leader in adopting, construing, and implementing comprehensive, flexible corporate laws responsive to the legal and business needs of corporations organized under its laws. Many corporations have chosen Delaware initially as a state of incorporation or have subsequently changed corporate domicile to Delaware. Because of Delaware’s prominence as the state of incorporation for many major corporations, both the legislature