Oct. 10 at 3:44 PM
Aptorum Group Limited announced a $ 2 million capital raise through a registered direct offering and a simultaneous private placement. The company will sell 1 million Class A common shares at $ 2 each and issue unregistered warrants for up to 2 million shares at a $ 2 exercise price, exercisable immediately with a 24-month term. H.C. Wainwright & Co. is acting as the sole placement agent, with the offering expected to close around October 14, 2025, subject to customary closing conditions.
Proceeds are intended to fund expenses related to Aptorum’s previously announced merger with DiamiR Biosciences Corp. and provide general working capital for both companies as the merger anticipates early completion. If the unregistered warrants are fully exercised for cash, Aptorum could receive an additional $ 4 million, though the company cautioned there is no assurance any warrants will be exercised.
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