Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 193

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 193
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 THE APTORUM BOARD UNANIMOUSLY RECOMMENDS THAT APTORUM SHAREHOLDERS VOTE “FOR” THE APPROVAL OF THE SHARE CONSOLIDATION PROPOSAL. 91 PROPOSAL NO. 2 — THE DOMESTICATION PROPOSAL Overview Aptorum is seeking shareholder approval of the Domestication Proposal. The approval of the Domestication Proposal is a condition to the closing under the Merger Agreement. If the Domestication Proposal is approved, but the Nasdaq Stock Issuance Proposal is not approved, then neither the Domestication nor the Merger will be consummated. As a condition to closing, the Aptorum Board has unanimously approved a change of Aptorum’s jurisdiction of incorporation by de -registeringas an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware. To effect the Domestication, Aptorum will file an application to deregister with the Cayman Islands Registrar of Companies, together with the necessary accompanying documents, and file the Proposed Charter and a certificate of corporate domestication with the Secretary of State of the State of Delaware, under which Aptorum will be domesticated and continue as a Delaware corporation. In connection with the Domestication: (i) each Aptorum Class A ordinary share, including the Converted Aptorum Class A ordinary shares, issued and outstanding immediately prior to the Domestication will automatically convert, on a one -for-onebasis, into one share of Aptorum Delaware common stock; (ii) each then issued and outstanding Class B ordinary share of Aptorum will convert automatically into a share of common stock of Aptorum Delawar and a share of non -votingand non -convertibleSeries A preferred stock of Aptorum Delaware. The Domestication Proposal, if approved, will authorize a change of Aptorum’s jurisdiction of incorporation from the Cayman Islands to the State of Delaware. Accordingly, while Aptorum is currently governed by the Companies Act, upon the Domestication, Aptorum Delaware will be governed by the DGCL. Aptorum encourages shareholders to carefully consult the information set out below under “— Comparison of Corporate Governance and Shareholder Rights.” Reasons for the Domestication The Aptorum Board believes that it would be in the best interests of Aptorum, in connection with the completion of the Merger, to effect the Domestication. Further, the Aptorum Board believes that any direct benefit that the DGCL provides to a corporation also indirectly benefits its stockholders, who are the