Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 194

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 194
---
ingshare of DiamiR’s common stock, other than dissenting shares, will be converted into a number of shares of Aptorum Delaware common stock equal to the Conversion Ratio. Immediately following the closing of the Merger, stockholders of DiamiR and existing Aptorum’s shareholders will own approximately 70% and 30%, respectively, of the outstanding shares of the Combined Company. For purpose of the Merger Agreement, the Conversion Ratio means the number resulting from dividing (i) the quotient of dividing the total number of Aptorum ordinary shares on a fully diluted basis by the total number of shares of DiamiR common stock on a fully diluted basis, by (ii) three -seventh(3/7). Between April and May 2025, an estimated preliminary conversion ratio was determined by senior management and the Board of Directors of Aptorum and DiamiR in direct discussions based on available quantitative and qualitative information regarding each of the companies, as well as the experience and judgement of management and the board of directors for each company, which in the absence of material business developments affecting either company in the period, each companies’ senior management concluded that no adjustment to the estimated preliminary conversion ratio was necessary during the finalization of terms for the Merger Agreement. See the description of factors under the section “ Valuation of DiamiR and Merger Consideration” that were considered by each of Aptorum and DiamiR management in their determination of the Conversion Ratio. At the Effective Time, each share of DiamiR common stock that is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares) shall be cancelled in exchange for such number of shares of validly issued, fully paid and non -assessableAptorum Delaware common stock as is equal to one (1) multiplied by the Conversion Ratio. Each share of DiamiR preferred stock that is issued and outstanding immediately prior to the Effective Time shall be cancelled in exchange for such number of shares of validly issued, fully paid and non -assessableAptorum Delaware common stock as is equal to one (1) multiplied by the Conversion Ratio. No fractional shares of Aptorum Delaware common stock shall be issued in connection with the Merger, and no certificates or scrip for any such fractional shares shall be issued. Any holder of the shares of A DiamiR common stock who would otherwise be entitled to receive a fraction of a share of Aptorum Delaware common stock shall not receive such fraction, and shall instead receive such amount rounded up to