Company: XOMAP
Filing Date: 2025-05-30
Form Type: 8-K
Source: 0001193125-25-132200
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Company: XOMA Royalty Corp
Filing Date: 2025-05-30
Form: 8-K
Item: Item 3.03
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Item 3.03      Material Modification to Rights of Shareholders.  

At the Annual Meeting, the Company’s stockholders approved the proposed reincorporation of the Company from the State of Delaware to the State of Nevada (the “ Reincorporation”) by means of a plan of conversion (the “ Plan of Conversion”), as described in the Proxy Statement. Pursuant to the Plan of Conversion, the Company effected the Reincorporation as of May 30, 2025 by filing: (i) a certificate of conversion with the Secretary of State of the State of Delaware, (ii) articles of conversion with the Nevada Secretary of State, and (iii) articles of incorporation with the Nevada Secretary of State (the “ Nevada Charter”). The Company also adopted new bylaws (the “ Nevada Bylaws”) to reflect the Reincorporation.

At the effective time of the Reincorporation:

  The Company’s state of incorporation changed from the State of Delaware to the State of Nevada.  
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  The affairs of the Company ceased to be governed by the Delaware General Corporation Law and the Company’s existing certificate of incorporation and bylaws, and instead, became governed by the ...  

  The Company continues to be the same entity and continues with all of the same rights, privileges and powers.  

  The Company continues to have the same name, possesses all of the same properties, continues with all of the same debts, liabilities and obligations, and continues with the same officers and di...  

  Each outstanding share of common stock of the Delaware corporation shall represent a share of the Nevada corporation and each outstanding certificate representing shares of the Delaware corpora...  

  The Company’s employee benefit and incentive plans continued, and each option, equity award or other right issued under such plans by the Delaware corporation automatically converted into an op...  

The Reincorporation did not result in any change in the business, physical location, management, assets, liabilities or net worth of the Company, nor did it result in any change in location of the Company’s current employees, including management. The Reincorporation did not affect any of the Company’s material contracts with any third parties, and the Company’s rights and obligations under those material contractual arrangements will continue to be the rights and obligations of the Company after the Reincorporation. The daily business operations of the Company will continue as they were conducted prior to the Reincorporation. The consolidated financial condition and results