Company: XOMAP
Filing Date: 2025-10-03
Form Type: 424B5
Source: 0001193125-25-230383
Chunk: 27

Company: XOMA Royalty Corp
Filing Date: 2025-10-03
Form: 424B5
Chunk 27
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 in part, to encourage persons seeking to acquire control of the Company to negotiate first with our board of directors. We believe that the benefits of increased protection of our potential ability to negotiate with an unfriendly or unsolicited acquirer outweigh the disadvantages of discouraging a proposal to acquire the Company because negotiation of these proposals could result in an improvement of their terms. Articles of Incorporation and Bylaws Provisions.Our Articles of Incorporation and Bylaws contain certain provisions that may have anti-takeover effects, making it more difficult for or preventing a third party from acquiring control of the Company or changing its board of directors and management, even if many of our stockholders are in favor of the third party’s offer. The NRS provides that stockholders are not entitled to the right to cumulate votes in the election of directors unless a corporation’s articles of incorporation provides otherwise. Our Articles of Incorporation do not provide for cumulative voting, which could make the removal of incumbent officers and directors more difficult. Our Articles of Incorporation also authorizes our board of directors to issue up to 1,000,000 shares of Preferred Stock and to set the rights, preferences and other designations, including voting rights, of those shares as the board of directors may determine, which can only be prohibited by a resolution adopted by holders of at least 75% of the outstanding shares entitled to vote. In addition, our Bylaws require 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 Bylaws also provide that our board of directors is able to elect a director to fill a vacancy created by the expansion of the board of directors or due to the death, resignation or departure of an existing board member. Provisions of Nevada law and our Articles of Incorporation and Bylaws could 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 of directors. 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. Combinations with Interested Stockholder Statutes Nevada’s “com