Company: APM
Filing Date: 2025-10-06
Form Type: S-4
Source: 0001213900-25-096656
Chunk: 486

Company: Aptorum Group Ltd
Filing Date: 2025-10-06
Form: S-4
Chunk 486
---
    146,417 |
|                                                                |     | $      | 17,896,417 |

For the years ended December 31, 2024, 2023 and 2022, the Group incurred $, $ and $nil milestone payments under license agreements, respectively. For the years ended December 31, 2024, 2023 and 2022, the Group did not incur any royalties or research and development funding, respectively.

Legal proceedings

On December 16, 2024, the Group received a letter from Carey Olsen with a Summons with Notice dated September 3, 2024, taken out by Karen Cheung (a/k/a Wing TSZ Cheung) as plaintiff against, among others, the Group as defendant in the Supreme Court of the State of New York County of New York, in relation to an action to recover financial losses sustained by the plaintiff (the “Case”). The Case is at the very early stages of litigation and although we intend to defend the lawsuit, there can be no assurance regarding the ultimate outcome of this case.

From time to time, the Group may be subject to certain legal proceedings, claims and disputes that arise in the ordinary course of business. Although the outcomes of these legal proceedings cannot be predicted, the Group does not believe these actions, in the aggregate, will have a material adverse impact on its financial position, results of income or liquidity.

21. SUBSEQUENT EVENTS The Group evaluates all events and transactions that occur after December 31, 2024, other than the event disclosed below and elsewhere in these consolidated financial statements, there is no other subsequent event occurred that would require recognition or disclosure in the Group’s consolidated financial statements. On January 2, 2025, the Company entered into a certain securities purchase agreement (the “Securities Purchase Agreement”) with certain non -affiliatedinstitutional investors (the “Purchasers”) pursuant to which the Company sold 1,535,000Class A ordinary shares of the Company (the “Shares”), par value $ 0.00001per share (the “Ordinary Shares”) at a per share price of $ 2.00in a registered direct offering, for gross proceeds of $ 3,070,000(the “Offering”). The Securities Purchase Agreement was fully executed on January 3, 2025.

F-33

APTORUM GROUP LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
June 30, 2025 and December