Company: APM
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001213900-25-111548
Chunk: 46

Company: Aptorum Group Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 46
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 terminate their relationships with Aptorum as a result of the Merger or the failure thereof. |

| ● | As a result of the Merger, current and prospective employees                                                                       
 could experience uncertainty about their future roles within the Combined Company. This uncertainty may adversely affect Aptorum’s 
 ability to retain its key employees, who may seek other employment opportunities.                                                  |

| ● | Aptorum’s management team may be distracted from day-to-day 
 operations as a result of the Merger.                       |

| ● | Nasdaq could determine to delist Aptorum’s Class A                                                                                    
 ordinary shares which could have an adverse effect on the value of Aptorum’s ordinary shares and any future ability to raise capital. |

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| ● | Subject to the terms and conditions in the Merger Agreement,                                                                     
 Aptorum may have to pay DiamiR a termination fee in the amount equal to the higher of (i) 70% of cash that Aptorum has as of the 
 date of termination and (ii) $2,000,000.                                                                                         |

In addition, if the Merger Agreement is terminated and Aptorum’s board of directors determines to seek another business combination, it may not be able to find a third party willing to provide equivalent or more attractive consideration than the consideration to be provided by each party in the Merger. In such circumstances, Aptorum’s board of directors may elect to, among other things, divest all or a portion of Aptorum’s business, and in such case, the consideration that Aptorum receives may be less attractive than the consideration to be received by Aptorum pursuant to the Merger Agreement. If the conditions to the Merger Agreement are not met, the Merger will not occur. Even if the Merger is approved by the shareholders of Aptorum and DiamiR, specified conditions must be satisfied or waived to complete the Merger. These conditions are set forth in the Merger Agreement. Aptorum and DiamiR cannot assure you that all of the conditions will be satisfied. If the conditions are not satisfied or waived, the Merger will not occur or will be delayed, and Aptorum and DiamiR each may lose some or all of the intended benefits of the Merger. Some Aptorum and DiamiR officers and directors have interests in the Merger that are different from yours and that may influence them to support or approve the Merger without regard to your interests. Certain officers and directors of Aptorum and DiamiR participate in arrangements that provide them with interests in