Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 31

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 31
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 Class B Ordinary Shares. Holders of Class A Ordinary Shares and Class B Ordinary Shares have the same rights except for voting and conversion rights. In respect of matters requiring a shareholder vote, each Class A Ordinary Share will be entitled to one vote and each Class B Ordinary Share will be entitled to 100 votes. Due to the Class B Ordinary Share’s voting power, the holders of Class B Ordinary shares have a concentration of voting power, which limits the holders of Class A Ordinary Shares’ ability to influence corporate matters. (See “Risk Factors – Risks Related to our securities – Our Class B Ordinary Shares have greater voting power than our Class A Ordinary Shares and certain existing shareholders have substantial influence over our Company and their interests may not be aligned with the interests of our other shareholders.”)Each Class B Ordinary Share is convertible into one Class A Ordinary Share at any time by the holder thereof. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. (See “Description of Share Capital”) Summary Risk Factors The following summarizes some, but not all, of the risks provided below. Please carefully consider all of the information discussed in “Risk Factors” in this registration statement for a more thorough description of these and other risks. Risks Related to the Merger

| ● | Risks                                 
 related to not completing the Merger. |

| ● | Risks                                                                                                                                         
 related to some Aptorum and DiamiR officers and directors having interests in the Merger that are different from yours and that may influence 
 them to support or approve the Merger without regard to your interests.                                                                       |

| ● | Risks                                                                                                                
 related to the possibility that market price of the combined company’s shares may decline as a result of the Merger. |

| ● | Risks                                                                                                                                 
 related to Aptorum and DiamiR shareholders not realizing a benefit from the Merger commensurate with the ownership dilution they will 
 experience in connection with the Merger.                                                                                             |

| ● | Risks                                                                                                                                       
 related to Aptorum and DiamiR being prohibited from seeking out alternative business combinations before the Merger is complete, especially 
 if it is never consummated.                                                                                                                 |

| ● | Risks                                          
 related to management of the Combined Company. |

| ● | Because                                                                                                                                
 DiamiR has yet to generate revenue from product sales on which to evaluate its potential for future success and to determine if DiamiR 
 will be able to execute its business plan, it is difficult to evaluate DiamiR’s