Company: APM
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001213900-25-111548
Chunk: 175

Company: Aptorum Group Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 175
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 The Company has never declared or paid cash dividends to its shareholders, and we do not intend to pay cash dividends in the foreseeable future. The Company intends to reinvest any earnings in developing and expanding our business. Any future determination relating to the Company’s dividend policy will be at the discretion of our Board of Directors and will depend on a number of factors, including future earnings, the Company’s financial condition, operating results, contractual restrictions, capital requirements, business prospects, the Company’s strategic goals and plans to expand the Company’s business, applicable law and other factors that the Company’s Board of Directors may deem relevant. 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 the Company being unable to pay its debts as they fall due in the ordinary course of business. (See “Risk Factors – 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” and “Description of Share Capital – Dividends”) 97 CAPITALIZATION The following table sets forth our capitalization as of June 30, 2025:

| ● | on an actual basis, as derived from our unaudited consolidated financial statements as of June 30, 2025, which are incorporated by reference into this prospectus supplement; and                                                                                                                                                                                                                                                                       |
|:--|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | a pro forma basis to reflect (1) the issuance and sale of 1,000,000 Class A Ordinary Shares at the purchase price of US$2.00 per Class A Ordinary Shares, and (2) the concurrent private placement Warrants to purchase 2,000,000 Class A Ordinary Shares at the price of US$2.00 per Class A Ordinary Share, assuming no exercise of the Warrants and after deducting placement agent fees and expenses and estimated offering expenses payable by us. |

The pro forma information set forth in the table below is illustrative only and will be adjusted based on the actual public offering price and other terms of this offering as determined at pricing. You should read the following table in conjunction with the section titled “ Use of Proceeds” in this prospectus and the section titled “ Management’s Discussion and Analysis of Financial Condition and Results of Operations of Aptorum” and Aptorum’s consolidated financial statements and