Company: APM
Filing Date: 2025-10-14
Form Type: 424B5
Source: 0001213900-25-098635
Chunk: 65

Company: Aptorum Group Ltd
Filing Date: 2025-10-14
Form: 424B5
Chunk 65
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 that would have
been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction, at the option of the holder, the
number of ordinary shares of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and any additional
consideration receivable as a result of such Fundamental Transaction by a holder of the number of ordinary shares for which the warrants
are exercisable immediately prior to such Fundamental Transaction. In addition, in the event of a Fundamental Transaction which is approved
by our board of directors, the holders of the warrants have the right to require us or a successor entity to redeem the warrant for cash
in the amount of the Black-Scholes Value (as defined in the warrant) of the unexercised portion of the warrant on the date of the consummation
of the Fundamental Transaction. In the event of a Fundamental Transaction which is not in our control, including a Fundamental Transaction
not approved by our board of directors, the holders of the warrants have the right to require us or a successor entity to redeem the warrant
for the consideration paid in the Fundamental Transaction in the amount of the Black-Scholes Value of the unexercised portion of the warrant
on the date of the consummation of the Fundamental Transaction.

If, at any time while the warrants are outstanding,
we (i) pay a stock dividend or otherwise make a distribution or distributions on our ordinary shares or any other equity or equity equivalent
securities payable in ordinary shares, (ii) subdivide our outstanding ordinary shares into a larger number of shares, (iii) combine our
outstanding ordinary shares into a smaller number of shares or (iv) issue by reclassification of our ordinary shares any of our capital
stock, then in each case the exercise price of the warrant shall be multiplied by a fraction of which the numerator shall be the number
of shares of ordinary shares outstanding immediately before such event and of which the denominator shall be the number of ordinary shares
outstanding immediately after such event, and the number of shares issuable upon exercise of the warrants shall be proportionately adjusted
such that the aggregate exercise price of the warrants shall remain unchanged.

The warrants and the Class A Ordinary Shares issuable
upon exercise of the warrants will be issued and sold without registration under the Securities Act, or state securities laws, in reliance
on the exemptions provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder and in reliance on similar
ex