Company: LIMN
Filing Date: 2025-02-07
Form Type: 424B3
Source: 0001104659-25-010605
Chunk: 275

Company: Liminatus Pharma, Inc.
Filing Date: 2025-02-07
Form: 424B3
Chunk 275
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Co Common Stock issued in connection with the Business Combination will be freely transferable by persons other than by ParentCo’s and Iris’s “affiliates” without restriction or further registration under the Securities Act. Sales of substantial amounts of ParentCo Common Stock in the public market could adversely affect prevailing market prices of the ParentCo Common Stock.

Amended and Restated Registration Rights Agreement

At the closing, ParentCo will enter into the Amended and Restated Registration Rights Agreement (the “RRA”) with Sponsor, Cantor, certain former members of Liminatus and the PIPE Investor with respect to the resale of 835,555 ParentCo Warrants exercisable for ParentCo Common Stock and up to 22,703,971 shares of ParentCo Common Stock. ParentCo will file a registration statement to register the public resale of the shares and warrants as soon as reasonably practicable, but in any event within 30 calendar days following the closing. In addition, subject to certain requirements and customary conditions, including with regard to the number of requests that may be made and when, the relevant stockholders may request to sell all or any portion of their registrable securities in an underwritten offering so long as the total offering price is reasonably expected to exceed, in the aggregate, $10 million. The RRA also provides certain demand rights and piggyback rights to ParentCo stockholders, subject to certain specified underwriter cutbacks and issuer blackout periods. ParentCo will bear all costs and expenses incurred in connection with the resale shelf registration statement, any demand registration statement, any underwritten takedown, any block trade, any piggyback registration statement prior to its withdrawal and all expenses incurred in performing or complying with its other obligations under the RRA, whether or not the registration statement becomes effective. The RRA will terminate with respect to any holder party thereto, on the date that such holder party no longer holds any registrable securities.

For more information about the Amended and Restated Registration Rights Agreement, see the section entitled “ Proposal 1 — The Business Combination Proposal — Additional Agreements to be Executed at Closing — Amended and Restated Registration Rights Agreement .”

#### Lock-Up Agreement
The Lock-Up Agreement requires signatories thereto to agree, subject to certain customary exceptions, not to transfer any shares of ParentCo Common Stock beneficially owned or otherwise held by them for a period that is the earlier of: (a) for one-third of the shares, six months after the date of closing, for one-third of the shares