Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 37

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 37
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 relationships with Aptorum as a result 
 of the Merger or the failure thereof.                                                                                               |

| ● | As                                                                                                                                           
 a result of the Merger, current and prospective employees could experience uncertainty about their future roles within the combined company. 
 This uncertainty may adversely affect Aptorum’s ability to retain its key employees, who may seek other employment opportunities.            |

| ● | Aptorum’s                                                                               
 management team may be distracted from day-to-day operations as a result of the Merger. |

| ● | Nasdaq                                                                         
 could determine to delist Aptorum’s Class                                      
 A Ordinary Shares which could have an adverse effect on the value of Aptorum’s 
 ordinary shares and any future ability to raise capital.                       |

| ● | Subject to the terms and conditions in the Merger Agreement, Aptorum may have to pay DiamiR a termination fee in the amount equal to the higher of (i) 70% of cash that Aptorum has as of the date of termination and (ii) $2,000,000. |

In addition, if the Merger
Agreement is terminated and Aptorum’s board of directors determines to seek another business combination, it may not be able to
find a third party willing to provide equivalent or more attractive consideration than the consideration to be provided by each party
in the Merger. In such circumstances, Aptorum’s board of directors may elect to, among other things, divest all or a portion of
Aptorum’s business, and in such case, the consideration that Aptorum receives may be less attractive than the consideration to be
received by Aptorum pursuant to the Merger Agreement.

If the conditions to the Merger Agreement are not met, the Merger will not occur.

Even if the Merger is approved
by the shareholders of Aptorum and DiamiR, specified conditions must be satisfied or waived to complete the Merger. These conditions
are set forth in the Merger Agreement. Aptorum and DiamiR cannot assure you that all of the conditions will be satisfied. If the conditions
are not satisfied or waived, the Merger will not occur or will be delayed, and Aptorum and DiamiR each may lose some or all of the intended
benefits of the Merger.

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Some Aptorum and DiamiR officers and directors have 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.