Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 98

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 98
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 Company with Aptorum Group Cayman Limited, a wholly owned subsidiary of the Company,
whereby the Company was the surviving company, on the terms of the plan of merger that includes the change in par value in the authorized
shares of the Company from $10 to $0.00001. In addition, among other things, the shareholders approved to increase the voting rights of
the Class B Ordinary Shares from 10 votes per share to 100 votes per share, and to increase the number of Class A Ordinary Shares authorized
to 9,999,996,000,000 shares, par value $0.00001 each. These corporate actions were effective as of February 21, 2023.

In June 2023, we entered into
securities purchase agreements to sell $3,000,000 unsecured convertible notes to 4 investors (the “ June 23 Notes”). All the
June 23 Notes were subsequently converted into an aggregate of 1,000,000 Class A Ordinary Shares, par value $0.00001 per share.

In September 2023, we entered
into a securities purchase agreement to sell a $3,000,000 unsecured convertible note (“ Sep 23 Note”) to Jurchen Investment
Corporation, our largest shareholder. The Sep 23 Note is convertible into our Class A Ordinary Shares and have a maturity date that is
24 months from the issuance date, although upon such date the investor has the right to extend the term of the Note for twelve (12) months
or more or such term subject to mutual consent. The Sep 23 Note has an interest rate of 6% per annum and a conversion price of $2.42 per
share. The Sep 23 Note is secured by a first priority lien and security interest on certain shares that we own (“ Collateral”).
Upon our disposal of all or a portion of the Collateral, the investor has the right, to request that we prepay the then-remaining outstanding
balance of the Sep 23 Note, in part or in full and we can make that payment in cash or in shares.

On
March 1, 2024, we entered into an Agreement and Plan of Merger with YOOV Group Holding Limited, a company organized under the laws of
British Virgin Islands (“ YOOV”), pursuant to which YOOV was to become one of our wholly owned subsidiaries. However, on October
25, 2024, the parties to the Agreement and Plan