Company: XOMAP
Filing Date: 2025-10-03
Form Type: 424B5
Source: 0001193125-25-230383
Chunk: 63

Company: XOMA Royalty Corp
Filing Date: 2025-10-03
Form: 424B5
Chunk 63
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ize, pledge or otherwise divest or encumber our rights under any material license agreement, 
 joint venture or other partnership agreement to which we are a party and involving any drug or drug candidate;  |

| • |     | issue or commit to issue any other equity securities, with certain exceptions; |

| • |     | issue any equity-based award or compensation to certain of our officers, unless the award has been unanimously                                     
 approved by our compensation committee at a time when a designee appointed by the Series X Preferred holders is then serving on that committee; or |

| • |     | enter into any agreement or understanding to take any of the actions listed above. |

Anti-takeover Effects of Provisions of our Certificate of Incorporation and By-lawsand Delaware Law Certificate of Incorporation and By-lawsProvisions.Our Certificate of Incorporation authorizes our Board to issue up to 1,000,000 shares of Preferred Stock without stockholder approval and to set the rights, preferences and other designations, including voting rights, of those shares as the Board may determine. In addition, our By-lawsrequire certain procedures to be followed and time periods to be met for any stockholder to propose matters to be considered at annual meetings of stockholders, including nominating directors for election at those meetings. Our By-lawsalso provide that our Board is able to elect a director to fill a vacancy created by the expansion of the Board or due to the resignation or departure of an existing board member. Provisions of Delaware law and our Certificate of Incorporation and By-lawscould make the acquisition of our Company through a tender offer, a proxy contest or other means more difficult and could make the removal of incumbent officers and directors more difficult. We expect these provisions to discourage coercive takeover practices and inadequate takeover bids and to encourage persons seeking to acquire control of our Company to first negotiate with our Board. We believe that the benefits provided by our ability to negotiate with the proponent of an unfriendly or unsolicited proposal outweigh the disadvantages of discouraging these proposals. We believe the negotiation of an unfriendly or unsolicited proposal could result in an improvement of its terms. Delaware Law.We are subject to Section 203 of the DGCL, an anti-takeover provision. In general, Section 203 prohibits a publicly held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years following the date the person became an interested stockholder, unless:

| • |     | prior to the