Company: XOMAP
Filing Date: 2025-07-11
Form Type: SC TO-T
Source: 0001193125-25-157812
Chunk: 2

Company: XOMA Royalty Corp
Filing Date: 2025-07-11
Form: SC TO-T
Chunk 2
---
’s telephone number is (347) 897-5988. This Schedule TO relates to the Shares. According to Turnstone, as of the close of business on July 10, 2025, there were: (i) 23,140,691 Shares issued and outstanding, (ii) 1,856,251 Shares subject to outstanding Turnstone Stock Options and (iii) 1,135 Shares subject to outstanding Turnstone Restricted Stock Units. The information concerning the principal market on which the Shares are traded, and certain high and low sales prices for the Shares in the principal market in which the Shares are traded set forth in “Special Factors—Section 3. Price Range of Shares; Dividends” of the Offer to Purchase, are incorporated herein by reference.

| ITEM 3. | IDENTITY AND BACKGROUND OF FILING PERSON. |

(a)–(c) The filing company of this Schedule TO is Purchaser. Purchaser’s principal executive office is located at 2200 Powell Street, Suite 310, Emeryville, California 94608. Purchaser’s telephone number is (510) 204-7200. Purchaser was formed under the laws of the State of Delaware on December 31, 2011 and reincorporated under the laws of the State of Nevada on May 30, 2025, and its principal business is to engage in any lawful act or activity for which corporations may be organized under the Nevada Revised Statutes. The executive officers of Purchaser are Owen Hughes, its Chief Executive Officer, Tom Burns, its Senior Vice President, Finance and Chief Financial Officer, and Brad Sitko, its Chief Investment Officer. Each executive officer of Purchaser is a United States citizen and has a business address located at 2200 Powell Street, Suite 310, Emeryville, California 94608.

The information set forth in “The Tender Offer—Section 6. Certain Information Concerning Purchaser” and Schedule A—“Information Concerning Members of the Boards of Directors and the Executive Officers of Purchaser” of the Offer to Purchase is incorporated herein by reference.

| ITEM 4. | TERMS OF THE TRANSACTION. |

(a)(1)(i)-(viii), (x), (xii), (a)(2)(i)-(v), (vii) The information set forth in the Offer to Purchase is incorporated herein by reference. (a)(1)(ix), (xi), (a)(2)(vi) Not applicable.

| ITEM�