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BRIEF-Aptorum Group To Merge With Business AI Platform YOOV Group
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BRIEF-Aptorum Group To Merge With Business AI Platform YOOV Group
Mar 6, 2024 5:40 AM

March 6 (Reuters) - Aptorum Group Ltd ( APM ):

* APTORUM GROUP LTD ANNOUNCES ENTERING INTO AN AGREEMENT AND

PLAN

OF MERGER WITH YOOV GROUP HOLDING LTD AND A SPLIT-OFF AGREEMENT

TO SEPARATE ITS LEGACY BUSINESS

* APTORUM ( APM ): EXISTING CO SHAREHOLDERS & EXISTING YOOV

SHAREHOLDERS

EXPECT TO OWN ABOUT 10% & 90%, RESPECTIVELY, OF OUTSTANDING

SHARES OF COMBINED CO

* APTORUM GROUP LTD ( APM ): PURSUANT TO SPLIT-OFF AGREEMENT,

APTORUM WILL

ASSIGN AND TRANSFER ASSETS AND LIABILITIES OF ITS LEGACY

BUSINESS TO ATL

* APTORUM GROUP LTD ( APM ): APTORUM WILL ASSIGN AND TRANSFER ASSETS

AND

LIABILITIES OF ITS LEGACY BUSINESS TO ATL

* APTORUM ( APM ): JURCHEN TO ACQUIRE 100% ISSUED, OUTSTANDING

SHARES OF

ATL FROM APTORUM & SURRENDER SOME ORDINARY SHARES OF CO HELD BY

JURCHEN TO APTORUM

Source text for Eikon:

Further company coverage:

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