Company: APM
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001213900-25-118752
Chunk: 204

Company: Aptorum Group Ltd
Filing Date: 2025-12-05
Form: 424B5
Chunk 204
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 one year after the date that these consolidated
financial statements are issued.

<div align='center'>109</div>

If the Group is unable to generate sufficient funds to finance the
working capital requirements of the Group within the normal operating cycle of a twelve-month period from the date of these consolidated
financial statements are issued, the Group may have to consider supplementing its available sources of funds through the following sources:

| ● | other available sources of financing from banks and other financial institutions or private lender; and |

| ● | equity financing. |

The Company can make no assurances that required financings will be
available for the amounts needed, or on terms commercially acceptable to the Company, if at all. If one or all of these events does not
occur or subsequent capital raises are insufficient to bridge financial and liquidity shortfall, there would likely be a material adverse
effect on the Company and would materially adversely affect its ability to continue as a going concern.

The accompanying consolidated financial statements do not include any
adjustments that might result from the outcome of this uncertainty. Accordingly, the consolidated financial statements have been prepared
on a basis that assumes the Group will continue as a going concern and which contemplates the realization of assets and satisfaction of
liabilities and commitments in the ordinary course of business.

Condensed Summary of Cash Flows for the Years Ended December 31, 2024, and 2023

|                                           |     |   |   Year Ended 
 December 31, 
         2024 |   |     |   |   Year Ended 
 December 31, 
         2023 |   |
|:------------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Net cash used in operating activities     |     | $ |   (1,189,734 | ) |     | $ |   (7,724,364 | ) |
| Net cash provided by investing activities |     |   |       58,621 |   |     |   |      624,767 |   |
| Net cash provided by financing activities |     |   |            - |   |     |   |    4,092,068 |   |
| Net decrease in cash and cash equivalents |     |   |   (1,131,113 | ) |     |   |   (3,007,529 | ) |

Operating activities

Net cash used in operating activities amounted to $1.2 million and
$