Company: APM
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001213900-25-118752
Chunk: 206

Company: Aptorum Group Ltd
Filing Date: 2025-12-05
Form: 424B5
Chunk 206
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 stringent budgetary control measures, as a result of the Company’s exclusive emphasis on its lead projects.

Investing activities

Net cash provided by investing activities amounted to $0.6 million
and $2.4 million for the years ended December 31, 2023 and 2022. The decrease in net cash provided by investing activities was due to
the decrease in net cash repayment from loan to related parties by $2.1 million, which was partially mitigated by a $0.2 million decrease
in capital expenditures.

Financing activities

Net cash provided by financing activities amounted to $4.1 million
and $6.6 million for the year ended December 31, 2023 and 2022. The decrease in net cash inflow from financing activities was primarily
a result of the repayment of a bank loan in the amount of $3.0 million and decrease in loan from bank of $3.0 million, partially mitigated
by a $2.0 million increase in loan from a related party, and a $1.6 million increase in proceeds from issuance of Class A Ordinary Shares.

CAPITAL EXPENDITURES

Our capital expenditures were $nil, $3,000 and $0.2 million for the
years ended December 31, 2024, 2023 and 2022, respectively. These capital expenditures were incurred primarily for investments in facilities,
leasehold improvements, equipment and technology.

COMMITMENTS

The following table sets forth our contractual obligations as of December
31, 2024.

|                             |     | Payment Due by Period |           |     |           |           |     |             |        |     |            |   |
|                             |     | Total                 |           |     | less than 
 one year  |           |     | One to      
 three years |        |     | Three to   
 five years |   |
|                             |     | US$                   |           |     | US$       |           |     | US$         |        |     | US$        |   |
| Operating lease commitments |     |                       |   122,114 |     |           |    97,541 |     |             | 24,573 |     |            | - |
| Debt obligations            |     |                       | 3,360,000 |     |           | 3,360,000 |     |             |      - |     |            | - |
| Total                       |     |                       |