Company: APM
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001213900-25-111548
Chunk: 19

Company: Aptorum Group Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 19
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, the Company entered into certain securities purchase agreement (the “ Purchase Agreement”) with certain non-affiliated institutional investors (the “ Purchasers”) pursuant to which the Company agreed to sell (1) 1,000,000 Class A Ordinary Shares pursuant to an effective registration statement, and (2) in a concurrent private placement, unregistered warrants to purchase an aggregate of up to 2,000,000 Ordinary Shares (the “ October 2025 Warrants”), for aggregate gross proceeds of approximately $2 million (the “ October 2025 Offering”). Each October 2025 Warrant is exercisable immediately as of the date of issuance at an exercise price of $2.00 per Ordinary Share and expires twenty-four months from the effective date of this registration statement. The October 2025 Warrants and the Ordinary Shares issuable upon the exercise of the warrants were not registered under the Securities Act of 1933, as amended (the “ Securities Act”) and were offered pursuant to an exemption from the registration requirements of the Securities Act provided in Section 4(a)(2) of the Securities Act and/or Rule 506(b) of Regulation D. The Company agreed in the Purchase Agreement that it would not issue any Class A Ordinary Shares, or securities exercisable or convertible into Class A Ordinary Shares for thirty (30) calendar days following the closing of the October 2025 Offering, subject to certain exceptions. Concurrently with the execution of the Purchase Agreement, the officers and directors of the Company entered into lock-up agreements (the “ Lock-Up Agreement”) pursuant to which they have agreed, among other things, not to sell or dispose of any Ordinary Shares which are or will be beneficially owned by them for thirty (30) days following the closing of the October 2025 Offering. H.C. Wainwright & Co., LLC, acted as the exclusive placement agent (the “ Placement Agent”), in connection with the October 2025 Offering. The Company agreed to pay the Placement Agent an aggregate fee equal to 7.0% of the gross proceeds raised in the October 2025 Offering. The Company will also pay the Placement Agent a management fee equal to 1.0% of the gross proceeds raised in the October 2025 Offering, $5,000 for non-accountable expenses, up to $50,000 for expenses of legal counsel and other out-of-pocket expenses and $10,000 for clearing fees all associated with the October 2025 Offering. We also issued the Placement Agent’s designees warrants (