Exhibit 99.1
Apollomics Regains Compliance with Nasdaqs Minimum Bid Price Requirement
FOSTER CITY, Calif. December 10, 2024 (GLOBE NEWSWIRE) Apollomics Inc. (Nasdaq: APLM) (the Company), a
clinical-stage biopharmaceutical company developing medicines to address difficult-to-treat cancers, today announced that on December 10, 2024, it received a
notification (the Notice) from The Nasdaq Stock Market LLC (Nasdaq) stating that the Company has regained compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Rule
5550(a)(2) (the Bid Price Requirement), and Nasdaq has determined to continue the listing of the Companys Class A ordinary shares (Class A Ordinary Shares) on the Nasdaq Capital Market under the symbol
APLM.
On December 10, 2024, Nasdaq confirmed that for the ten consecutive business days from November 25, 2024 to December 9,
2024, the closing bid price of the Companys Class A Ordinary Shares was at $1.00 per share or greater. Accordingly, the Company has regained compliance with the Nasdaq Bid Price Requirement and the matter is closed.
About Apollomics Inc.
Apollomics Inc. is an innovative
clinical-stage biopharmaceutical company focused on the discovery and development of oncology therapies with the potential to be combined with other treatment options to harness the immune system and target specific molecular pathways to inhibit
cancer. Apollomics lead program is vebreltinib (APL-101), a potent, selective c-Met inhibitor for the treatment of
non-small cell lung cancer and other advanced tumors with c-Met alterations, which is currently in a Phase 2 multicohort clinical trial in the United States and over 10
other countries. For more information, please visit www.apollomicsinc.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes statements that constitute forward-looking statements within the meaning of the federal securities laws, including
Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). All statements, other than statements of present or
historical fact included in this press release, regarding the Companys strategy, prospects, plans and objectives are forward-looking statements. When used in this press release, the words could, should,
will, may, believe, anticipate, intend, estimate, expect, project, the negative of such terms and other similar expressions are intended to identify
forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on managements current expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of future events. Apollomics cautions you that these forward-looking statements are subject to numerous risks and uncertainties, including but not limited to, the Companys ability to
maintain compliance with any of the other Nasdaq continued listing requirements, most of which are difficult to predict and many of which are beyond the control of Apollomics. In addition, Apollomics cautions you that the forward-looking statements
contained in this press release are subject to unknown risks, uncertainties and other factors, including: (i) the impact of any current or new government regulations in the United States and China affecting