Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 373

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 373
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 Proposed Charter will not provide for cumulative voting, unless required by applicable law. Dividend Rights The holders of each series of Aptorum Delaware Common Stock will be entitled to receive, on a per share basis, the same form and amount of dividends and other distributions of cash, property and shares of stock of Aptorum Delaware as may be declared from time to time by Aptorum Delaware Board with respect to shares of any other series of Common Stock out of legally available assets or funds, in each case subject to the rights, powers and preferences applicable to any series of Preferred Stock that Aptorum Delaware may designate and issue in the future. Conversion Each outstanding share of Class B Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock. The Proposed Charter will not provide for the automatic conversion of shares of Class B Common Stock upon transfer thereof or based on sales or ownership thresholds. Liquidation In the event of the liquidation, dissolution or winding up of Aptorum Delaware, the holders of each series of Aptorum Delaware Common Stock will be entitled to share ratably in the net assets legally available for distribution to stockholders, if any, remaining after the payment of all debts and liabilities, subject to any preferential rights of any outstanding shares of Preferred Stock. 228 Rights and Preferences Holders of each series of Aptorum Delaware Common Stock will have no preemptive, conversion (except as noted above) or subscription rights and there are no redemption or sinking fund provisions applicable to the Class A Common Stock and Class B Common Stock. Preferred Stock The Proposed Charter will permit Aptorum Delaware Board, without further action by the stockholders, to issue up to [] shares of Preferred Stock in one or more series of preferred stock with such designations, powers, preferences, special rights, qualifications, limitations and restrictions as Aptorum Delaware Board may determine from time to time. The powers, preferences and relative, participating, optional and other rights of each series of Preferred Stock and the qualifications, limitations and restrictions thereof, if any, may differ from those of any and all other series outstanding. Issuance of preferred stock by Aptorum Delaware Board may result in such shares having dividend and/or liquidation preferences senior to the rights of the holders of Aptorum Delaware Common Stock and could dilute the voting rights of the holders of Aptorum Delaware Common Stock and the likelihood that such holders will receive dividend payments and payments upon a liquidation. Although Aptorum Delaware is not expected to have any shares of Preferred Stock outstanding immediately following the Closing,