Company: APM
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001213900-25-118752
Chunk: 121

Company: Aptorum Group Ltd
Filing Date: 2025-12-05
Form: 424B5
Chunk 121
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be freely tradable.

Issuances by us of additional securities could affect ownership and voting rights over us. In addition, the issuance of preferred shares, or options or warrants to purchase such preferred shares, could negatively impact the value of the Aptorum Class A ordinary shares as the result of preferential dividend rights, conversion rights, redemption rights and liquidation provisions granted to the stockholders of such preferred shares.

From time to time, we may issue
in public or private sales additional securities to third party investors. Such securities may provide holders with ownership and voting
rights that could provide the holders thereof with substantial influence over our business. Any preferred shares that may be issued shall
have such rights, preferences, privileges and restrictions as may be designated from time-to-time by our board, including preferential
dividend rights, voting rights, conversion rights, redemption rights and liquidation provisions. There cannot be any assurance that we
will not issue preferred securities with rights and preferences that are more beneficial than those provided to Aptorum’s ordinary
shares.

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.

We have never paid any cash
dividends on Aptorum Class A ordinary shares and do not anticipate paying any cash dividends on Aptorum Class A ordinary shares
in the foreseeable future, and any return on investment may be limited to the value of Aptorum Class A ordinary shares. We plan to
retain any future earnings to finance growth.

Our dividend policy is subject
to the discretion of our Board of Directors and will depend on, among other things, our earnings, financial condition, capital requirements
and other factors. There is no assurance that our Board of Directors will declare dividends even if we are profitable. 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 our Company being unable to pay its debts as they
fall due in the ordinary course of business and the realizable value of assets of our Company will not be less than the sum of our total
liabilities, other than deferred taxes as shown on our books of account, and our capital.

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Aptorum Class B ordinary shares have greater voting power than Aptorum Class A ordinary shares and certain existing shareholders have substantial influence over our