Company: APM
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001213900-25-118752
Chunk: 188

Company: Aptorum Group Ltd
Filing Date: 2025-12-05
Form: 424B5
Chunk 188
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 exercisable into Class A Ordinary Shares for thirty (30) calendar days following
the closing of the October 2025 Offering, subject to certain exceptions.

Concurrently with the execution of the Purchase Agreement, the officers
and directors of the Company entered into lock-up agreements pursuant to which they have agreed, among other things, not to sell or dispose
of any Class A Ordinary Shares which are or will be beneficially owned by them for thirty (30) days following the closing of the October
2025 Offering.

H.C. Wainwright & Co., LLC, acted as the exclusive placement
agent (the “Placement Agent”), in connection with the October 2025 Offering. The Company agreed to pay the Placement Agent
an aggregate fee equal to 7.0% of the gross proceeds raised in the October 2025 Offering. The Company will also pay the Placement Agent
a management fee equal to 1.0% of the gross proceeds raised in the October 2025 Offering, $5,000 for non-accountable expenses, up to $50,000
for expenses of legal counsel and other out-of-pocket expenses and $10,000 for clearing fees all associated with the October 2025 Offering.
After deducting fees due to the Placement Agent and our offering expenses, we received net proceeds from the October 2025 Offering of
$1.725 million.

On January 2, 2025, the Company entered into a certain securities
purchase agreement (the “Securities Purchase Agreement”) with certain non-affiliated institutional investors pursuant to which
the Company sold 1,535,000 Class A ordinary shares of the Company at a per share price of $2.00 in a registered direct offering,
for gross proceeds of $3,070,000 (the “RDO”).

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Private Placement Offerings

On September 11, 2023, the Company entered into a Securities Purchase
Agreement with Jurchen Investment Corporation, the largest shareholder of the Company, pursuant to which the Company 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