APLM News & Events

Apollomics Inc trading resumes

Apollomics Inc trading halted, volatility trading pause

Apollomics announced entering into a settlement agreement with TWVC Goldlink Partners Investment Limited and TWVC Panglin Group Investment Limited, entities represented by Triwise Capital Management Ltd, in connection with the litigation previously filed in the Grand Court of the Cayman Islands. The Cayman Litigation involved claims by two minority shareholders relating to the requested redemption of preferred shares of the Company before the consummation of the Company's merger with Maxpro Capital Acquisition Corporation in 2023. The Settlement Agreement fully resolves all disputes between the Company and TWVC. Under the Agreement, the Company has agreed to pay TWVC a total of $5M in cash, to be made in several installments over a period of two years, plus approximately $879,757.78 in associated legal expenses. As agreed in the Settlement Agreement, TWVC will withdraw all claims against the Company and its affiliates, and the parties are in the process of submitting the Settlement and Settlement Agreement for the court's approval to conclude the associated litigation proceedings. The original amount of damages claimed by TWVC was approximately $40M, as disclosed in the Form 20-F filed in April 2025.

Apollomics notes it had previously announced that it had filed an application to appeal the delisting notification previously received from the Listing Qualifications Staff of Nasdaq and request a hearing before a Nasdaq Hearings Panel to review the Staff's delisting determination. The company today announced that it had received a letter from Nasdaq on October 14, notifying Apollomics the Staff had determined that the company is in compliance with Nasdaq's continued listing requirements. Accordingly, Nasdaq has cancelled its appeal hearing and the company's securities will remain listed and continue to trade on The Nasdaq Stock Market.