Company: LIMN
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001104659-25-003835
Chunk: 274

Company: Liminatus Pharma, Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 274
---
 for the Combined Company to have enough additional authorized shares for financing its business, for acquiring other businesses, for forming strategic partnerships and alliances and for stock dividends and stock splits and to issue upon exercise of the equity grants currently outstanding or made under the Incentive Plan (assuming it is approved at the Special Meeting);

•

it is desirable to change certain provisions relating to the ParentCo Board, among other provisions of the Proposed ParentCo Certificate of Incorporation, in order to help facilitate corporate governance stability by requiring broad stockholder consensus to effect corporate governance changes, protect minority stockholder interests and enable the ParentCo Board to preserve and maximize value for all stockholders in the context of an opportunistic and unsolicited takeover attempt; and

<div align='center'>133</div>

TABLE OF CONTENTS

•

it is desirable to delete the provisions that relate to the operation of Iris as a blank check company prior to the consummation of its initial business combination because they would not be applicable after the Business Combination (such as the obligation to dissolve and liquidate if a business combination is not consummated within a certain period of time).

•

it is desirable to increase the required voting thresholds to at least two-thirds (2/3) of the voting power of all of the then-outstanding shares of the capital stock of Liminatus entitled to vote generally in the election of directors, voting together as a single class, to approve amendments to the Liminatus Bylaws and amendments to certain provisions of the Proposed ParentCo Certificate of Incorporation if any such amendment was not approved by at least two-thirds (2/3) of the Board of Liminatus. The Iris Board believes that requiring the approval by the affirmative vote of holders of at least two-thirds of the voting power of Liminatus’s then-outstanding shares of capital stock entitled to vote in an election of directors to make any amendment to the Liminatus Bylaws or to certain provisions of the Proposed ParentCo Certificate of Incorporation that were not approved by the ParentCo Board is intended to protect key provisions of the Proposed ParentCo Certificate of Incorporation and the Liminatus Bylaws, respectively, from arbitrary amendment and to prevent a simple majority of stockholders from taking actions that may be harmful to other stockholders or making changes to provisions that are intended to protect all stockholders.

The approval of each of the Advisory Charter Proposals requires the affirmative vote of the holders of a majority of the shares of Iris common stock cast in respect of the relevant Proposal and entitled to vote thereon at the