Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 194

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 194
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 owners of the corporation. Because Aptorum Delaware will operate within the United States following the Merger, it was the view of the Aptorum Board that Aptorum Delaware should be structured as a corporation organized in the United States. The Aptorum Board believes that there are several reasons why a reincorporation in Delaware is in the best interests of Aptorum and its shareholders. These additional reasons can be summarized as follows: • Prominence, Predictability and Flexibility of Delaware Law.For many years, Delaware has followed a policy of encouraging incorporation in its state and, in furtherance of that policy, has been a leader in adopting, construing, and implementing comprehensive, flexible corporate laws responsive to the legal and business needs of corporations organized under its laws. Many corporations have chosen Delaware initially as a state of incorporation or have subsequently changed corporate domicile to Delaware. Because of Delaware’s prominence as the state of incorporation for many major corporations, both the legislature and courts in Delaware have demonstrated the ability and a willingness to act quickly and effectively to meet changing business needs. The DGCL is frequently revised and updated to accommodate changing legal and business needs and is more comprehensive, widely used and interpreted than other state corporate laws. This favorable corporate and regulatory environment is attractive to businesses such as ours. • Well -Established Principles of Corporate Governance.There is substantial judicial precedent in the Delaware courts as to the legal principles applicable to measures that may be taken by a corporation and to the conduct of a company’s board of directors, such as under the business judgment rule and other standards. Because the judicial system is based largely on legal precedents, the abundance of Delaware case law provides clarity and predictability to many areas of corporate law. We believe such clarity would be advantageous to Aptorum Delaware, the Aptorum Delaware Board and management to make corporate decisions and take corporate actions with greater assurance as to the validity and consequences of those decisions and actions. Further, investors and securities professionals are generally more familiar with Delaware corporations, and the laws governing such corporations, increasing their level of comfort with 92 Delaware corporations relative to other jurisdictions. The Delaware courts have developed considerable expertise in dealing with corporate issues, and a substantial body of case law has developed construing Delaware law and establishing public policies with respect to corporate legal affairs. Moreover, Delaware’s vast body of law on the fiduciary duties of directors and officers provides appropriate protection for Aptorum Delaware’s stockholders from possible abuses by directors and officers. • Increased Ability to Attract and Retain Qualified Directors.Reregistration from the Cayman Islands to