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Aimei Health Technology Co., Ltd.

For the period ended Dec 31, 2025. Filed May 4, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed May 4, 2026

AFJK$12.20-0.1%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

(Mark One)

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31,2025

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-41880

Aimei Health Technology Co., Ltd

(Exact name of registrant as specified in its charter)

Cayman IslandsN/A
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

10 East 53rd Street, Suite 3001

New York, NY 10022

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code:

86-13758131392

Securities registered pursuant to Section 12(b) of the Act:

Title of each ClassTrading Symbol(s)Name of each exchange on which registered
Ordinary Shares, par value $0.0001 per shareAFJKThe Nasdaq Stock Market LLC
Rights, exchangeable into one-fifth of one Ordinary ShareAFJKRThe Nasdaq Stock Market LLC
Units, each consisting of one Ordinary Share and one RightAFJKUThe Nasdaq Stock Market LLC

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒

Indicate by check mark whether the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No☒

On June 30, 2025, the aggregate market value of the registrant’s ordinary shares held by non-affiliates of the registrant was approximately $44,552,423.

As of May 4, 2026, there were 3,166,332 ordinary shares, par value $0.0001 per share, issued and outstanding.

TABLE OF CONTENTS

Page
PART I1
Item 1.Business1
Item 1A.Risk Factors21
Item 1B.Unresolved Staff Comments22
Item 1C.Cybersecurity22
Item 2.Properties22
Item 3.Legal Proceedings22
Item 4.Mine Safety Disclosure22
PART II23
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.23
Item 6.[Reserved]23
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations24
Item 7A.Quantitative and Qualitative Disclosures about Market Risk26
Item 8.Financial Statements and Supplementary Data26
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure26
Item 9A.Controls and Procedures26
Item 9B.Other Information27
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections27
PART III28
Item 10.Directors, Executive Officers and Corporate Governance28
Item 11.Executive Compensation35
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters36
Item 13.Certain Relationships and Related Transactions, and Director Independence37
Item 14.Principal Accounting Fees and Services39
PART IV40
Item 15.Exhibit and Financial Statement Schedules40
Signatures42

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