Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 152

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 152
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This measure is aimed at optimizing the allocation of our resources and focusing our efforts on advancing our lead projects, which hold
the most promise for commercial success and beneficial impact. This decision aligns with our commitment to enhance shareholder value and
effectively drive our core objectives forward in the competitive landscape.

Proposed Merger and Subsequent Termination
of Merger Agreement

On March 1, 2024, we entered into an Agreement and Plan of Merger with
YOOV Group Holding Limited, a company organized under the laws of British Virgin Islands (“ YOOV”), pursuant to which YOOV
was to become one of our wholly owned subsidiaries. However, on October 25, 2024, the parties to the Agreement and Plan of Merger entered
into a termination agreement (the “ Termination Agreement”), pursuant to which the parties agreed to terminate the Agreement
and Plan of Merger on the date thereof (the “ Termination Date”), and such agreement became null and void and of no further
force or effect.

At the Market Offering

On March 26, 2021, the Company
entered into an at the market offering agreement (the “ Sales Agreement”), with H. C. Wainwright & Co., LLC, acting
as our sales agent (the “ Sales Agent”), relating to the sale of our Class A Ordinary Shares, offered pursuant to the prospectus
supplement and the accompanying prospectus to the registration statement on Form F-3 (File No. 333-268873) (such offering, the “ ATM
Offering”, or “ At The Market Offering”). In accordance with the terms of the Sales Agreement, we may offer and sell
shares of our Class A Ordinary Shares having an aggregate offering price of up to $15,000,000 from time to time through the Sales Agent
under such prospectus supplement and the accompanying prospectus. As of the date of this annual report, we have issued 215,959 Class A
Ordinary Shares pursuant to the ATM Offering.

Registered Direct Offering

On January 2, 2025, the Company
entered into a certain securities purchase agreement (the “ Securities Purchase Agreement”) with certain non-affiliated institutional
investors pursuant to which the Company sold 1,535,000 Class A ordinary shares of the Company, par value $0.00001 per share at a per share
price of $2.00 in a registered direct offering, for gross proceeds of $3,070,000 (the