Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 182

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 182
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 (As Revised); and be registered and transferred by way of continuation to Delaware as a corporation under the laws of the state of Delaware; and that the directors of Aptorum be authorised and directed to cause an application to be made to the Registrar of Companies of the Cayman Islands to de -registerthe Company in the Cayman Islands and be registered by way of continuation as a corporation under the laws of the State of Delaware.” Recommendation of Aptorum Board THE APTORUM BOARD UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS VOTE “FOR” THE APPROVAL OF THE DOMESTICATION PROPOSAL. 91 PROPOSAL NO. 3 — THE NASDAQ STOCK ISSUANCE PROPOSAL Overview Assuming the Domestication Proposal is approved, Aptorum’s shareholders are also being asked to approve, by ordinary resolution, the Nasdaq Stock Issuance Proposal. Why Aptorum Needs Shareholder Approval Under Nasdaq Listing Rule 5635(a), shareholder approval is required prior to the issuance of securities in connection with the acquisition of another company if, due to the present or potential issuance of common stock, including shares issued pursuant to an earn -outprovision or similar type of provision, or securities convertible into or exercisable for common stock, such securities are not issued in a public offering for cash and (A) have, or will have upon issuance, voting power equal to or in excess of 20% of the voting power outstanding before the issuance of common stock (or securities convertible into or exercisable for common stock); or (B) the number of shares of common stock to be issued is or will be equal to or in excess of 20% of the number of shares of common stock outstanding before the issuance of the stock or securities, in either case at a price less than the greater of book or market value of the common stock. Upon the consummation of the Merger, Aptorum Delaware expects to issue, in exchange for DiamiR common stock, [] shares of Aptorum Delaware common stock, which will exceed 20% of the outstanding shares of Aptorum Delaware common stock prior to such issuance and may be at a price less than the greater of book or market value of Aptorum Delaware’s common stock at such time. Therefore, to ensure compliance with Nasdaq Rule 5635(d), Aptorum is seeking shareholder approval of the issuance. Vote Required for Approval The approval of the Nasdaq Stock Issuance Proposal requires an ordinary resolution under Cayman Islands law, being the affirmative vote