Company: LIMN
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001104659-25-003835
Chunk: 299

Company: Liminatus Pharma, Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 299
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149

TABLE OF CONTENTS

| ​ | ParentCo (the “Surviving Corporation”)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | ​ | ​ | Iris                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | ​ |
| ​ | time to time by the board of directors.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 The initial board of directors will have four members.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | ​ | ​ | to time exclusively by the Iris Board pursuant to a resolution adopted by a majority of the Iris Board.                                                                                                                                                                                                                                                                                                                                                                                                           
 There are currently 4 members of the Iris Board.                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | ​ |
| ​ | Election of Directors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | ​ |
| ​ | The Proposed ParentCo Certificate of Incorporation and Proposed Bylaws provide that the election of directors be determined by a plurality of the votes cast by the stockholders present in person or represented by proxy.                                                                                                                                                                                                                                                                                                                                 | ​ | ​ | The Iris Certificate of Incorporation and Iris bylaws provide that each director will be elected by a plurality of the votes cast by the stockholders present in person or represented by proxy at the meeting and entitled to vote thereon at all meetings of stockholders at which a quorum is present, subject to the rights of the holders of one or more series of preferred stock, voting separately by class or series, to elect directors pursuant to the terms of one or more series of preferred stock. | ​ |
| ​ | The Iris Certificate of Incorporation provides that directors will be divided into two classes, as nearly equal in number as possible and designated Class I and Class II. Only one class of directors will be elected at each annual meeting of stockholders and each of the successors elected to replace the class of directors whose term expires at that annual meeting shall be elected for a two-year term or until the election and qualification of their respective successors in office, subject to their earlier death, resignation or removal. 
 Subject to any rights of Preferred Stock to elect directors, if the number of directors that constitute the Iris Board is changed, any increase or decrease shall be apportioned by the Iris Board among the classes so as to maintain the number of directors in each class as nearly equal as possible, but in no case shall a decrease in the number of directors constituting the Iris Board shorten the term of any incumbent director.                                                                                                                | ​ |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
| ​ | Cumulative Voting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |