Company: APM
Filing Date: 2025-01-03
Form Type: 424B5
Source: 0001213900-25-000606
Chunk: 46

Company: Aptorum Group Ltd
Filing Date: 2025-01-03
Form: 424B5
Chunk 46
---
 or other rights purchasable upon exercise of the warrants will be separately transferable; |

| ● | a discussion of any material U.S. federal income tax considerations 
 applicable to the exercise of the warrants;                         |

| ● | the date on which the right to exercise the warrants will 
 commence, and the date on which the right will expire;    |

| ● | the maximum or minimum number of warrants that may be exercised 
 at any time;                                                    |

| ● | information with respect to book-entry procedures, if any; 
 and                                                        |

| ● | any other terms of the warrants, including terms, procedures           
 and limitations relating to the exchange and exercise of the warrants. |

<div align='center'>13</div>

Exercise of Warrants

Each warrant will entitle
the holder of warrants to purchase the number of Class A Ordinary Shares or preferred shares of the relevant class or series at the exercise
price stated or determinable in the prospectus supplement for the warrants. Warrants may be exercised at any time up to the close of business
on the expiration date shown in the applicable prospectus supplement, unless otherwise specified in such prospectus supplement. After
the close of business on the expiration date, if applicable, unexercised warrants will become void. Warrants may be exercised in the manner
described in the applicable prospectus supplement. When the warrant holder makes the payment and properly completes and signs the warrant
certificate at the corporate trust office of the warrant agent, if any, or any other office indicated in the prospectus supplement, we
will, as soon as possible, forward the securities or other rights that the warrant holder has purchased. If the warrant holder exercises
less than all of the warrants represented by the warrant certificate, we will issue a new warrant certificate for the remaining warrants.
If we so indicate in the applicable prospectus supplement, holders of the warrants may surrender securities as all or part of the exercise
price for warrants.

Prior to the exercise of any
warrants to purchase Class A Ordinary Shares or preferred shares of the relevant class or series, holders of the warrants will not have
any of the rights of holders of Class A Ordinary Shares or preferred shares purchasable upon exercise, including the right to vote or
to receive any payments of dividends or payments upon our liquidation, dissolution or winding up on the Class A Ordinary Shares or preferred
shares purchasable upon exercise, if any.

Outstanding Warrants

As of the date of this prospectus,
there are