Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 173

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 173
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 shareholders, but must be on or before the date of the Domestication, which shall be announced by the Company. No further action on the part of shareholders would be required to either effect or abandon the share consolidation. Requirements for Listing on Nasdaq Aptorum Class A ordinary shares is listed on The Nasdaq Capital Market under the symbol “APM.” On April 15, 2025, Aptorum received a notification from the Nasdaq Capital Market advising Aptorum that it did not comply with the minimum bid price requirement of $1 per share, as per Nasdaq Listing Rule 5550(a)(2). The notification does not immediately affect the listing or trading of the Aptorum Class A ordinary shares on Nasdaq. Aptorum has been granted a 180 - calendar-daygrace period, until October 14, 2025, to regain compliance with the continued listing requirements. There is no guarantee that Aptorum will achieve the minimum bid price and regain compliance with the specified rule.

85 Reasons for the Share Consolidtion The Aptorum Board approved the proposal approving the share consolidation for the following reasons: •the Aptorum Board believes effecting the share consolidation will result in an increase in the minimum bid price of Aptorum Class A ordinary shares and reduce the risk of a delisting of Aptorum Class A ordinary shares from Nasdaq in the future; and •the Aptorum Board believes a higher stock price may help generate investor interest in Aptorum and ultimately the Combined Company and help Aptorum attract and retain employees. If the reverse split successfully increases the per share price of Aptorum Class A ordinary shares, the Aptorum Board also believes this increase may increase trading volume in Aptorum Class A ordinary shares and facilitate future financings by Aptorum. Principal Effects of the Share Consolidtion The share consolidation will affect all holders of shares of Aptorum ordinary shares outstanding immediately prior to the effective time of the share consolidation uniformly and each such shareholder will hold the same percentage of Aptorum ordinary shares outstanding immediately following the reverse split as that shareholder held immediately prior to the reverse split, except for immaterial adjustments that may result from the treatment of fractional shares as described below. Aptorum ordinary shares issued pursuant to the share consolidation will remain fully paid and nonassessable. Proportionate adjustments will be made to the per share exercise price, the number of shares issuable upon the exercise, vesting or settlement of all outstanding options to purchase shares of Aptorum ordinary shares, and the number of shares reserved for issuance pursuant to Aptorum’s existing equity incentive plans will