Company: APM
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001213900-25-118752
Chunk: 360

Company: Aptorum Group Ltd
Filing Date: 2025-12-05
Form: 424B5
Chunk 360
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’s current operating and financial position is dismal and it continues to suffer losses
and is in a net liability position; therefore, management determined the amounts due from them are unrecoverable and provided a credit
loss allowance for such amounts.

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Sales and Purchases of Securities

Private Placement Offering

On September 11, 2023, the
Group entered into a securities purchase agreement with Jurchen Investment Corporation, the largest shareholder of the Company, pursuant
to which the Group sold a secured convertible note in the aggregate principal amount of $3,000,000 (the “Sep 2023 Notes”).
The Sep 2023 Notes are convertible into the Company’s Class A Ordinary Shares and have a maturity date that is 24 months from the
issuance date, although upon such date the investor has the right to extend the term of the Sep 2023 Note for twelve (12) months or more
or such term subject to mutual consent. The Sep 2023 Notes have an interest rate of 6% per annum and a conversion price of $2.42 per share.
The Company has the right to repay the principal amount of the Sep 2023 Notes, but in the case of such prepayment it must be paid in cash,
unless otherwise agreed by both parties. The Sep 2023 Note is secured by a first priority lien and security interest on certain shares
that the Group owns (“Collateral”). Upon the Group’s disposal of all or a portion of the Collateral, the investor has
the right, to request that the Group prepay the then-remaining outstanding balance of the Sep 2023 Note, in part or in full and the Group
can make that payment in cash or in shares. The principal outstanding amount as of the date hereof is $3,000,000. On September 11, 2025,
the parties agreed to extend the term of the Sep 2023 Note for an additional 12 months; the parties also agreed to amend the terms of
the Sep 2023 Note such that Jurchen, at is sole discretion, shall be permitted to convert the Sep 2023 Note upon three days written notice.

Employment Agreements

We entered into Appointment
Letters with each of our executive officers. The terms of the Appointment Letters for each of our executive officers are consistent with
each other, except with regard to the individual’s compensation, term of employment and duties and responsibilities, the latter
of which