Company: LIMN
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001104659-25-006325
Chunk: 513

Company: Liminatus Pharma, Inc.
Filing Date: 2025-01-27
Form: POS AM
Chunk 513
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4 Loans, $30,000 was due on September 14, 2024, $3,000 was due on September 24, 2024 and $50,000 was due on September 29, 2024, all of which may be extended to the second anniversary upon mutual agreement of the parties. In August 2024, the Company borrowed an additional $50,000 from Prophase (the “Prophase August 2024 Loans”). The loans bear 6% interest per annum. Of the aggregate $50,000 Prophase August 2024 Loans, $30,000 was due on October 12, 2024 and $20,000 was due on October 13, 2024, all of which may be extended to the second anniversary upon mutual agreement of the parties. As of September 30, 2024 and December 31, 2023, the balance of the Prophase Loans is $1.6 million and $0, respectively. For the nine months ended September 30, 2024 and 2023, interest expense related to the Prophase Loans was approximately $42,000 and $0, respectively.

Please refer to Note 5 for discussion related to notes which have passed their maturity dates.

Hana Loans

On August 1, 2024, the Company borrowed $0.9 million from Hana Immunotherapeutics, LLC (“Hana”), a related party of the Company due to having common executives (the “Hana Loans”). The

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LIMINATUS PHARMA, LLC NOTES TO CONDENSED FINANCIAL STATEMENTS
SEPTEMBER 30, 2024
(Unaudited) Hana Loans bear interest at 6% per annum and was due on September 30, 2024 and October 26, 2024, which may be extended upon mutual agreement of the parties. As of September 30, 2024 and December 31, 2023, the balance of the Hana Loans is $0.9 million and $0, respectively. For the nine months ended September 30, 2024 and 2023, interest expense related to the Hana Loans was approximately $6,000 and $0, respectively. Please refer to Note 5 for discussion related to notes which have passed their maturity dates. Due to Related Party As of September 30, 2024 and December