UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2025
Commission File Number: 001-38764
APTORUM GROUP LIMITED
17 Hanover Square
London W1S 1BN, United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form
40-F ☐
Registered Direct Offering
On October 10, 2025, Aptorum Group Limited (the
“Company”) entered into certain securities purchase agreement (the “Purchase Agreement”) with certain
non-affiliated institutional investors (the “Purchasers”) pursuant to which the Company agreed to sell (1) 1,000,000
Class A ordinary shares (the “Ordinary Shares”), and (2) in a concurrent private placement, restricted warrants to
purchase an aggregate of up to 2,000,000 Ordinary Shares (the “Restricted Warrants”), for aggregate gross proceeds
of approximately $2 million (the “Offering”).
Each Restricted Warrant is exercisable immediately
as of the date of issuance at an exercise price of $2.00 per Ordinary Share and expires twenty-four months from the effective date of
a registration statement registering for resale the Ordinary Shares underlying the Restricted Warrants. The Restricted Warrants and the
Ordinary Shares issuable upon the exercise of the warrants are not being registered under the Securities Act of 1933, as amended (the
“Securities Act”) and are being offered pursuant to an exemption from the registration requirements of the Securities
Act provided in Section 4(a)(2) of the Securities Act and/or Rule 506(b) of Regulation D.
The Company agreed in the Purchase Agreement that
it would not issue any Ordinary Shares, or Ordinary Share Equivalents for thirty (30) calendar days following the closing of the Offering,
subject to certain exceptions.
Concurrently with the execution of the Purchase
Agreement, the officers and directors of the Company entered into lock-up agreements (the “Lock-Up Agreement”) pursuant to which they have agreed, among other things,
not to sell or dispose of any Ordinary Shares which are or will be beneficially owned by them for thirty (30) days following the closing
of the Offering.
The Company currently intends to use the net proceeds from the Offering
for working capital and general corporate use. Additionally, some of the proceeds from the Offering
will be used to fund expenses expected to be incurred in connection with the previously announced merger between the Company and DiamiR
Biosciences Corp. and for general working capital of the two companies pending anticipated closing of the merger, which is subject to
several closing conditions and therefore may never occur. The Offering closed on October 14, 2025.
H.C. Wainwright & Co., LLC, acted as the
exclusive placement agent (the “Placement Agent”), in connection with the Offering. The Company agreed to pay the
Placement Agent an aggregate fee equal to 7.0% of the gross proceeds raised in the Offering. The Company will also pay the Placement
Agent a management fee equal to 1.0% of the gross proceeds raised in the Offering, $5,000 for non-accountable expenses, up to
$50,000 for expenses of legal counsel and other out-of-pocket expenses and $10,000 for clearing fees all associated with the
Offering. After deducting fees due to the Placement Agent and our estimated offering expenses, we expect the net proceeds from the
Offering to be approximately US$1.725 million.
Copies of the form of the Purchase Agreement,
form of Restricted Warrant, and form of Lock-Up Agreement are attached hereto as Exhibits 99.1, 99.2, and 99.3, respectively, and are
incorporated herein by reference. The foregoing summaries of the terms of the Purchase Agreement, Restricted Warrants, and Lock-Up Agreement
are subject to, and qualified in their entirety by, such documents.
On October 10, 2025, the Company issued a press
release announcing the Offering. A copy of the press release is attached hereto as Exhibit 99.6 and is incorporated herein by reference.
A copy of the legal opinion issued by the Company’s Cayman Islands counsel Campbells is attached hereto as Exhibit 5.1.
Exhibits
| Exhibit No. |
|
Description |
| 5.1 |
|
Legal Opinion of Campbells |
| 99.1 |
|
Form of the Purchase Agreement |
| 99.2 |
|
Form of Restricted Warrant |
| 99.3 |
|
Form of Lock-Up Agreement |
| 99.4 |
|
Press Release |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
Aptorum Group Limited |
| |
|
|
| Date: October 16, 2025 |
By: |
/s/ Ian Huen |
| |
|
Name: |
Ian Huen |
| |
|
Title: |
CEO |
