Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 39

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 39
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 set forth in the Merger Agreement, Merger Sub will merge with and into DiamiR, with DiamiR continuing as a wholly owned subsidiary of Aptorum and the surviving corporation of the Merger. Merger Consideration At the Effective Time, each then -outstandingshare 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. Each of Aptorum and DiamiR agree to cooperate to raise additional capital of Aptorum, if needed, through the sale and issuance of equity securities of Aptorum, and the parties agree that any such sale of equity securities of Aptorum following the date of the merger agreement will dilute each of Aptorum and the DiamiR by 30% and 70%, respectively, so that the Conversion Ratio shall be adjusted to reflect such issuances and dilutions. As of the date hereof, the only agreement in place regarding the possible sale and issuance of any other equity securities is that certain At the Market Offering Agreement dated as of March 26, 2021, between Aptorum and Wainwright (the “ATM Agreement). Pursuant to the ATM Agreement, Aptorum may offer and sell its Class A ordinary shares having an aggregate offering price of up to $15,000,000 from time to time through Wainwright under the prospectus supplement to the registration statement on Form F -3(File No. 333 -268873). As of October3, 2025, Aptorum has issued 215,959 Class A ordinary shares pursuant to the ATM Offering. At the Effective Time, so long as he is employed by the Combined Company, Mr.Mireskandari shall receive an option to purchase an amount of shares of Aptorum’s Common Stock equal to 400,000 multiplied by the Conversion Ratio, at an exercise price equal to the closing price of Aptorum’s Common Stock on the day of Closing. Such options shall vest as set forth in the Merger Agreement. If Aptorum sells any equity securities between the signing of the Merger Agreement and the Closing, it shall also pay Mr.Mireskandari a certain amount of cash, ranging from $0 to $60,000, depending on the amount of proceeds Aptorum receives