Company: LIMN
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001410578-25-001518
Chunk: 262

Company: Liminatus Pharma, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 262
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 party of the Company due to having common executives, pursuant to a loan agreement between the Company and Amantes (the “Amantes Loan”). On November 27, 2024, the Company borrowed an additional $ 0.3million from Amantes (the “Additional Amantes Loan”) (together with the Amantes Loan, the “Amantes November 2024 Loans”). The Amantes November 2024 Loans bear interest at 6% per annum and are due on January 1, 2025. As of December 31, 2024 and 2023, the balance of the Amantes November 2024 Loans is $ 0.7million and $ 0, respectively. For the years ended December 31, 2024 and 2023, interest expense related to the Amantes November 2024 Loans was less than $ 0.1million and $ 0, respectively. See Note 5 for discussion related to notes which have passed their maturity dates. Due to Related Party As of December 31, 2024 and 2023, the Company has $ 0.2million due to the CEO of the Company for compensation under his employment agreement. Viral Gene As of December 31, 2024 and 2023, the Company has $ 0.1million due from Viral Gene included in due from related party in the balance sheets for a loan to Viral Gene and expense paid on behalf of Viral Gene. The Company’s CEO is also the CEO of Viral Gene. The loan does not bear any interest.

<div align='center'>F-49</div>

Note 5. Debt

The Company has the following debt outstanding as of December 31, 2024 and 2023 (in thousands):

| ​                                
 ​                                | ​ 
 ​ | ​                                     
 ​                                     
 ​                                     | ​ 
 ​ | ​            
 December 31, 
 ​            |      ​ 
   2024 | ​ | ​ |      ​ 
   2023 |
|:---------------------------------|:--|:--------------------------------------|:--|:-------------|-------:|:--|:--|-------:|
| Feelux Bonds                     |   | Short-term debt, net, related parties | ​ | $            | 10,000 | ​ | $ | 10,000 |
| Car-Tcellkor Loan                |   | Short-term debt, net, related parties | ​ |              |    800 |