Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 67

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 67
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PM” at this time.

In accordance with Nasdaq
Listing Rule 5810(c)(3)(D), the Company has been given 180 calendar days, or until August 7, 2023, to regain compliance with Rule 5450(b)(1)(C).
If at any time before August 7, 2023, the MVPHS closes at $5,000,000 or more for a minimumof ten consecutive business
days, the Staff will provide written confirmation that the Company has achieved compliance and the matter will be closed.

If the Company does not regain
compliance with Rule 5450(b)(1)(C) by August 7, 2023, the Company will receive written notification that its securities are subject to
delisting and the Company may appeal the delisting determination to a Hearing’s Panel. Alternatively, the Company may consider applying
to transfer the Class A Ordinary Shares to The Nasdaq Capital Market. The Company intends to remain on the Nasdaq Global Market and will
actively monitor its MVPHS and will consider available options to resolve the deficiency and regain compliance with Rule 5450(b)(1)(C).

On July 31, 2023, the Company requested to transfer its Class A Ordinary
Shares from the Nasdaq Global Market to the Nasdaq Capital Market. On August 8, 2023, the Company received an approval letter (the “ Nasdaq
Approval Letter”) from the Nasdaq Listing Qualifications Department indicating that the staff has approved the Company’s application
to transfer its Class A Ordinary Shares to the Nasdaq Capital Market. The Company’s securities have been transferred to the Nasdaq
Capital Market at the opening of business on August 10, 2023, and the trading activities of its Class A Ordinary Shares have not been
affected. The transfer became effective on August 10, 2023, thereby closing the prior deficiencies on the Nasdaq Global Market.

On April 15, 2025, the Company
received a notification from the Staff advising the Company that it did not comply with the minimum bid price requirement of $1 per share,
as per Nasdaq Listing Rule 5550(a)(2). The notification does not immediately affect the listing or trading of the Company’s shares
on Nasdaq. The Company has been granted a 180-calendar-day grace period, until 14 October 2025, to regain compliance with the continued
listing requirements. There is no guarantee that the Company will achieve the minimum bid price and