Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 505

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 505
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 Investment Corporation to extend the Sep 2023 Notes further for 12months. The Sep 2023 Notes have an interest rate of 6% per annum and a conversion price of $ 2.42per share. The Company has the right to repay the principal amount of the Sep 2023 Notes, but in the case of such prepayment it must be paid in cash, unless otherwise agreed by both parties. The Sep 2023 Note is secured by a first priority lien and security interest on certain preferred shares that the Group owns (“Collateral”) (Note 4). Upon the Group’s disposal of all or a portion of the Collateral, the investor has the right, to request that the Group prepay the then -remainingoutstanding balance of the Sep 2023 Note, in part or in full and the Group can make that payment in cash or in shares.

16. SHARE BASED COMPENSATION

Share option plan

A summary of the option activity as of June 30, 2025 and 2024 and changes during the period is presented below:

| Outstanding, January 1, 2025 
 Outstanding, June 30, 2025   |     | Number of 
     share 
   options 
         — 
         — |   |     | Weighted 
  average 
 exercise 
    price 
        $ 
        — 
        — |     |   Remaining 
 contractual 
     term in 
       years 
           — 
           — |     | Aggregate 
 Intrinsic 
     value 
         $ 
         — |
|:-----------------------------|:----|----------:|:--|:----|---------:|:----|------------:|:----|----------:|
| Exercisable, June 30, 2025   |     |         — |   |     |        — |     |           — |     |         — |
| Vested, June 30, 2025        |     |         — |   |     |        — |     |           — |     |         — |
| Outstanding, January 1, 2024 |     |   427,060 |   |     |     3.59 |     |        9.28 |     |         — |
| Exercised                    |     |  (289,401 | ) |     |      .03 |     |             |     | 1,384,653 |
| Outstanding, June 30, 2024   |