Aptorum Group announces pricing of $3M registered direct offering

Aptorum Group (APM) Limited announced that it has entered into a securities purchase agreement with several institutional investors to purchase 1,535,000 Class A Ordinary Shares in a registered direct offering. The ordinary shares are being sold at an offering price of $2.00 per share. The gross proceeds to the company from the registered direct offering are estimated to be approximately $3M before deducting the placement agent’s fees and other estimated offering expenses payable by the company. The offering is expected to close on or about January 3, 2025, subject to the satisfaction of customary closing conditions. Maxim Group LLC is acting as the sole placement agent in connection with the offering.