Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 264

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 264
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 agreements, respectively. For the years ended December
31, 2024, 2023 and 2022, the Group did not incur any royalties or research and development funding, respectively.

Legal proceedings

On December 16, 2024, the Group received a letter
from Carey Olsen with a Summons with Notice dated September 3, 2024, taken out by Karen Cheung (a/k/a Wing TSZ Cheung) as plaintiff against,
among others, the Group as defendant in the Supreme Court of the State of New York County of New York, in relation to an action to recover
financial losses sustained by the plaintiff (the “ Case”). The Case is at the very early stages of litigation and although
we intend to defend the lawsuit, there can be no assurance regarding the ultimate outcome of this case.

From time to time, the Group may be subject to
certain legal proceedings, claims and disputes that arise in the ordinary course of business. Although the outcomes of these legal proceedings
cannot be predicted, the Group does not believe these actions, in the aggregate, will have a material adverse impact on its financial
position, results of income or liquidity.

21. SUBSEQUENT EVENTS

The Group evaluates all events and transactions that
occur after December 31, 2024, other than the event disclosed below and elsewhere in these consolidated financial statements, there is
no other subsequent event occurred that would require recognition or disclosure in the Group’s consolidated financial statements.

On January 2, 2025, the Company entered into a certain
securities purchase agreement (the “ Securities Purchase Agreement”) with certain non-affiliated institutional investors (the
“ Purchasers”) pursuant to which the Company sold1,535,000Class A ordinary shares of the Company (the “ Shares”),
par value $0.00001per share (the “ Ordinary Shares”) at a per share price of $2.00in a registered direct offering, for gross
proceeds of $3,070,000(the “ Offering”). The Securities Purchase Agreement was fully executed on January 3, 2025.

F-32