Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 207

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 207
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 the year ended December 31, 2024, Aptorum Group had cash and cash equivalents of $0.88 million at December 31, 2024. In addition, Aptorum Group continued to look at potential synergistic M&A opportunities. On April 4, 2025, Mr. Huen, Aptorum’s Charirman and Chief Executive Officer, held a video conference call with Dr. Alidad Mireskandari, Chief Executive Officer of DiamiR and Dr. Kira Sheinerman, Executive Director of DiamiR for an introductory discussion. Other participants included representative of Hunter Taubman Fischer & Li. In connection with Aptorum’s review of the potential transaction with DiamiR, Aptorum and its advisors completed customary diligence, including, meetings with the management of DiamiR, customary legal review of DiamiR business and contracts, and customary financial diligence. On April 14, 2025, Aptorum sent DiamiR an initial draft non -bindingletter of intent (the “LOI”) and term sheet. Following further negotiations, including calls on April 22, 2025 and May 6, 2025 to discuss the contemplated business combination structure, and the respective approvals of each company’s board of directors, the LOI was signed 101 on May 12, 2025, and further amended on June 2, 2025. The companies estimated their relative and combined values, subject to performance and market conditions, based on the factors described elsewhere in this prospectus/proxy statement. No quantitative valuation was performed. The LOI contemplated the acquisition of DiamiR by Aptorum, with DiamiR surviving as a wholly owned subsidiary of Aptorum, the entry into the Management Services Agreement and Intellectual Property Agreement (as further described in this proxy and prospectus) during the interim period between signing of the Merger Agreement and consummation of the Merger, the redomestication of Aptorum in Delaware, and other requirements that would be needed prior to the consummation of a merger. Under the terms of the Merger Agreement, following the pre -closingtransactions (conversion of Aptorum and DiamiR convertible debt into common stock and the exchange of each share of Aptorum Class B ordinary share into one share of Aptorum Delaware common stock and one share of Aptorum Delaware’s non -voting, non -convertiblepreferred stock), Aptorum will acquire all issued and outstanding capital stock of DiamiR in exchange for approximately