Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 69

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 69
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 sell substantial
amounts of our Class A Ordinary Shares in the public market, the market price of our Class A Ordinary Shares could fall. Moreover, the
perceived risk of this potential dilution could cause shareholders to attempt to sell their shares and investors to short our Class A
Ordinary Shares. These sales also may make it more difficult for us to sell equity or equity-related securities in the future at a time
and price that we deem reasonable or appropriate.

Issuances by us of additional securities,
could affect ownership and voting rights over us. In addition, the issuance of preferred shares, or options or warrants to purchase those
preferred shares, could negatively impact the value of the Ordinary Shares as the result of preferential dividend rights, conversion rights,
redemption rights and liquidation provisions granted to the stockholders of such preferred shares.

From time to time, we may
issue in public or private sales additional securities to third party investors. Such securities may provide holders with ownership and
voting rights that could provide the holders thereof with substantial influence over our business. Any preferred shares that may be issued
shall have such rights, preferences, privileges and restrictions as may be designated from time-to-time by our board, including preferential
dividend rights, voting rights, conversion rights, redemption rights and liquidation provisions. There cannot be any assurance that we
will not issue preferred securities with rights and preferences that are more beneficial than those provided to our Ordinary Shares.

We have not paid dividends in the past and
do not expect to pay dividends in the future, and any return on investment may be limited to the value of our shares.

We have never paid any cash
dividends on our Class A Ordinary Shares and do not anticipate paying any cash dividends on our Class A Ordinary Shares in the foreseeable
future, and any return on investment may be limited to the value of our Class A Ordinary Shares. We plan to retain any future earnings
to finance growth.

Our dividend policy is subject
to the discretion of our Board of Directors and will depend on, among other things, our earnings, financial condition, capital requirements
and other factors. There is no assurance that our Board of Directors will declare dividends even if we are profitable. Under Cayman Islands
law, dividends may be declared and paid only out of funds legally available therefor, namely out of either profit or our share premium
account, and provided further that a dividend may not be paid if this would result in our Company being unable to pay its debts as they
fall