Company: LIMN
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001104659-25-006325
Chunk: 273

Company: Liminatus Pharma, Inc.
Filing Date: 2025-01-27
Form: POS AM
Chunk 273
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 the election of directors;

(4)

Advisory Charter Proposal D — to make Liminatus’s corporate existence perpetual as opposed to Iris’s corporate existence, which is required to be dissolved and liquidated 36 months following the closing of its initial public offering if it does not complete a business combination in that time, and to remove from the Proposed ParentCo Certificate of Incorporation the various provisions applicable only to special purpose acquisition corporations;

(5)

Advisory Charter Proposal E — to provide that Liminatus will not be subject to Section 203 of the DGCL; and

(6)

Advisory Charter Proposal F — to increase the required vote thresholds for approving amendments to the Proposed ParentCo Certificate of Incorporation and bylaws to 66 2 ∕ 3 %.

#### Reasons for the Advisory Charter Amendments
In the judgment of the Iris Board, the advisory amendments to the Iris Certificate of Incorporation are desirable for the following reasons:

•

the name of the new public entity is desirable to reflect the Business Combination with Liminatus and the combined business going forward;

•

the greater number of authorized number of shares of capital stock is desirable 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

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•

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