Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 168

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 168
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 ] shares issued and outstanding as of December 31, 2024,  
 actual, [  ] shares issued and outstanding as of December 31, 2024, proforma, and _____ shares issued and outstanding as of     
 December 31, 2024, pro forma as adjusted                                                                                        |     |                         |   |   |     |           |   |   |     |                       | - |
| Additional paid-in capital                                                                                                      |     |                         |   |   |     |           |   |   |     |                       | - |
| Accumulated deficit                                                                                                             |     |                         | ( | ) |     |           | ( | ) |     |                       | - |
| Total stockholders’ (deficit) equity                                                                                            |     |                         |   |   |     |           | ( | ) |     |                       | - |
| Total capitalization                                                                                                            |     | $                       |   |   |     | $         |   |   |     | $                     | - |

The number of Class A Ordinary
Shares, pro forma in the table above, is based on an aggregate of [ ] shares of Aptorum’s Class A Ordinary Shares
outstanding as of December 31, 2024, which is then adjusted for the issuance of [ ] Class A Ordinary Shares subsequent
to December 31, 2024, for an aggregate of [ ] outstanding and excludes the following:

| ● | Class A Ordinary Shares of Aptorum issuable upon the exercise                                 
 of the representative warrants issued as compensation to the representative in this offering. |

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DILUTION</div>

If you invest in Aptorum’s
securities in this offering, your interest will be diluted immediately to the extent of the difference between the public offering price
and the pro forma as adjusted net tangible book value per share of Aptorum’s Class A Ordinary Shares after this offering.

Aptorum’s net tangible
book value on December 31, 2024, was approximately $[ ] million, or $[ ] per share. “Net tangible
book value” is total assets minus the sum of liabilities and intangible assets. “Net tangible book value per share”
is net tangible book value divided by the total number of shares outstanding.

Aptorum’s pro forma
net tangible book value as of December 31, 2024 was $[ ] million, or $[ ] per share. Pro forma net
tangible book value represents total tangible assets,