Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 76

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 76
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 sustainable revenues and profitable operations. Since inception, we have raised funds primarily through the sale of equity
securities and the issuance of debt. We will need and are currently seeking additional funds to operate our business and the recent volatility
of global capital markets has made the raising of capital by equity and debt financing more difficult. No assurance can be given that
any future financing will be available or, if available, that it will be on terms that are satisfactory to us. Even if we are able to
obtain additional financing, it may contain undue restrictions on our operations or cause substantial dilution for our stockholders. If
we are unable to obtain additional funds, our ability to carry out and implement our planned business objectives and strategies will be
significantly delayed, limited, or may not occur. We cannot guarantee that we will become profitable. Even if we achieve profitability,
given the competitive and evolving nature of the industry in which we operate, we may not be able to sustain or increase profitability
and our failure to do so would adversely affect our business, including our ability to raise additional funds.

Risks Related to Doing Business in Hong Kong

Our company currently does
not have operations in mainland China. Accordingly, the laws and regulations of the PRC do not currently have any material impact on our
business, financial condition and results of operations. However, if certain PRC laws and regulations were to become applicable to a company
such as us in the future, the application of such laws and regulations may have a material adverse impact on our business, financial condition
and results of operations and our ability to offer or continue to offer securities to investors, any of which may cause the value of our
Class A Ordinary Shares, to significantly decline or become worthless. See the following risk factors of “ Our business, financial
condition and results of operations, and/or the value of our Class A Ordinary Shares or our ability to offer or continue to offer securities
to investors may be materially and adversely affected to the extent the laws and regulations of the PRC become applicable to a company
such as us” and “ The PRC government exerts substantial influence and discretion over the manner in which companies incorporated
under the laws of PRC must conduct their business activities. If we were to become subject to such direct influence or discretion, it
may result in a material change in our operations and/or the value of your Class A Ordinary Shares, which would materially affect the
interests of investors.”

Political risks associated with conducting business in Hong Kong.

Most