Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 55

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 55
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 each of which will be in effect upon completion of the Merger, and the DGCL contains provisions that could make it more difficult for a third party to acquire the Combined Company, even if doing so might be beneficial to the Combined Company’s stockholders. Among other things, these provisions include: •allow the Combined Company Board to authorize the issuance of undesignated preferred stock, the terms of which may be established and the shares of which may be issued without stockholder approval, and which may include supermajority voting, special approval, dividend, or other rights or preferences superior to the rights of other stockholders; •provide for a classified board of directors with three -yearterms; •provide that, at any time, directors may only be removed for cause, and only by the affirmative vote of holders of at least 66 2/3% in voting power of all the then -outstandingshares of Combined Company Common Stock entitled to vote thereon, voting together as a single class; 17 •prohibit stockholder action by written consent; •provide that special meetings may only be called by or at the direction of the Chairman of the Combined Company Board, the Combined Company Board or the Chief Executive Officer; •provide that any alteration, amendment or repeal, in whole or in part, of any provision of the Proposed Bylaws by Combined Company’s stockholders will require the affirmative vote of the holders of at least 66⅔% in voting power of all the then -outstandingshares of the Combined Company Common Stock entitled to vote thereon, voting together as a single class; and •establish advance notice requirements for nominations for elections to the Combined Company Board and for proposing matters that can be acted upon by stockholders at stockholder meetings. Section 203 of the DGCL generally prohibits a Delaware corporation from engaging in any of a broad range of business combinations with any interested stockholder for a period of three years following the date on which the stockholder became an interested stockholder. Combined Company has expressly elected not to be governed by Section 203 of the DGCL. At that time, such election shall be automatically withdrawn and Combined Company will thereafter be governed by Section 203 of the DGCL. These provisions could discourage, delay or prevent a transaction involving a change in control of Combined Company. These provisions could also discourage proxy contests and make it more difficult for Combined Company’s stockholders to elect directors of their choosing and cause Combined Company to take other corporate actions they desire, including actions that Combined Company’s stock