Company: LIMN
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001104659-25-003835
Chunk: 318

Company: Liminatus Pharma, Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 318
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/creditor and/or bankruptcy laws as either a “preferential transfer” or a “fraudulent conveyance.” As a result, a bankruptcy court could seek to recover some or all amounts received by Iris’s stockholders. Furthermore, the Iris Board may be viewed as having breached its fiduciary duty to its creditors and/or may have acted in bad faith, and thereby exposing itself and Iris to claims of punitive damages, by paying public stockholders from the Trust Account prior to addressing the claims of creditors. Iris cannot assure you that claims will not be brought against it for these reasons.

Iris’s public stockholders are entitled to receive funds from the Trust Account only: (i) in the event of the redemption of its Iris Class A Common Stock if Iris does not complete a business combination or amend the Iris Certificate of Incorporation by March 31, 2025 (subject to an additional three month extension at the discretion of the Board), (ii) in connection with a stockholder vote to amend the Iris Certificate of Incorporation to modify the substance or timing of its obligation to redeem 100% of its Iris Class A Common Stock if it does not complete a business combination or amend the Iris Certificate of Incorporation by March 31, 2025 (subject to an additional three month extension at the discretion of the Board), or with respect to any other material provisions relating to stockholders’ rights or pre-Business Combination activity or (iii) if they redeem their respective shares for cash upon the completion of Iris’s Business Combination. In no other circumstances will a stockholder have any right or interest of any kind to or in the Trust Account. In the event Iris seeks stockholder approval in connection with the Business Combination, a stockholder’s voting in connection with the Business Combination alone will not result in a stockholder’s redeeming its shares to Iris for an applicable pro rata share of the Trust Account. Such stockholder must have also exercised its redemption rights described above. These provisions of the Iris Certificate of Incorporation, like all provisions of the Iris Certificate of Incorporation, may be amended with a stockholder vote.

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Facilities Iris’s executive offices are located at 3rd Floor Zephyr House, 122 Mary Street, George Town, PO Box 10085, Grand Cayman E9 KY1-1001 and its telephone number is 971 4 3966949. Iris subleases its executive offices from the Sponsor. Subsequent to