Company: APM
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001213900-25-118752
Chunk: 53

Company: Aptorum Group Ltd
Filing Date: 2025-12-05
Form: 424B5
Chunk 53
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 effect upon completion of the Merger, and the DGCL contains provisions that could make it more
difficult for a third party to acquire the Combined Company, even if doing so might be beneficial to the Combined Company’s stockholders.
Among other things, these provisions include:

| ● | allow the Combined Company Board to authorize the issuance                                                                                 
 of undesignated preferred stock, the terms of which may be established and the shares of which may be issued without stockholder approval, 
 and which may include supermajority voting, special approval, dividend, or other rights or preferences superior to the rights of other     
 stockholders;                                                                                                                              |

| ● | provide that, at any time, directors may only be removed for                                                                          
 cause, and only by the affirmative vote of holders of at least 66 2/3% in voting power of all the then-outstanding shares of Combined 
 Company Common Stock entitled to vote thereon, voting together as a single class;                                                     |

| ● | prohibit stockholder action by written consent; |

| ● | provide that special meetings may only be called by or at                                                               
 the direction of the Chairman of the Combined Company Board, the Combined Company Board or the Chief Executive Officer; |

| ● | provide that any alteration, amendment or repeal, in whole                                                                        
 or in part, of any provision of the Proposed Bylaws by Combined Company’s stockholders will require the affirmative vote of the   
 holders of at least 66⅔% in voting power of all the then-outstanding shares of the Combined Company Common Stock entitled to vote 
 thereon, voting together as a single class; and                                                                                   |

| ● | establish advance notice requirements for nominations for                                                                         
 elections to the Combined Company Board and for proposing matters that can be acted upon by stockholders at stockholder meetings. |

Section 203 of the DGCL
generally prohibits a Delaware corporation from engaging in any of a broad range of business combinations with any interested stockholder
for a period of three years following the date on which the stockholder became an interested stockholder. Combined Company has expressly
elected not to be governed by Section 203 of the DGCL. At that time, such election shall be automatically withdrawn and Combined
Company will thereafter be governed by Section 203 of the DGCL. These provisions could discourage, delay or prevent a transaction
involving a change in control of Combined Company. These provisions could also discourage proxy contests and make it more difficult for
Combined Company’s stockholders to elect directors of