Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 217

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 217
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 For purpose of the Merger Agreement, the Conversion Ratio means the number resulting from dividing (i) the quotient of dividing the total number of Aptorum ordinary shares on a fully diluted basis by the total number of shares of DiamiR common stock on a fully diluted basis, by (ii) three -seventh(3/7). Between April and May 2025, an estimated preliminary conversion ratio was determined by senior management and the Board of Directors of Aptorum and DiamiR in direct discussions based on available quantitative and qualitative information regarding each of the companies, as well as the experience and judgement of management and the board of directors for each company, which in the absence of material business developments affecting either company in the period, each companies’ senior management concluded that no adjustment to the estimated preliminary conversion ratio was necessary during the finalization of terms for the Merger Agreement. See the description of factors under the section “ Valuation of DiamiR and Merger Consideration” that were considered by each of Aptorum and DiamiR management in their determination of the Conversion Ratio. At the Effective Time, each share of DiamiR common stock that is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares) shall be cancelled in exchange for such number of shares of validly issued, fully paid and non -assessableAptorum Delaware common stock as is equal to one (1) multiplied by the Conversion Ratio. No fractional shares of Aptorum Delaware common stock shall be issued in connection with the Merger, and no certificates or scrip for any such fractional shares shall be issued. Any holder of the shares of A DiamiR common stock who would otherwise be entitled to receive a fraction of a share of Aptorum Delaware common stock shall not receive such fraction, and shall instead receive such amount rounded up to the nearest whole number of shares of Aptorum Delaware common stock. After the Effective Time, stockholders of Aptorum Delaware will continue to own their existing shares of Aptorum Delaware common stock, which will not be changed by the Merger. At the Effective Time, so long as he is employed by the Combined Company, Mr.Mireskandari shall receive an option to purchase an amount of shares of Aptorum’s Common Stock equal to 400,000 multiplied by the Conversion Ratio, at an exercise price equal to the closing price of Aptorum’s Common Stock on the day of Closing. Such options shall vest as set forth in the Merger Agreement. If Aptorum sells any equity securities between