Company: XOMAP
Filing Date: 2025-10-03
Form Type: 424B5
Source: 0001193125-25-230383
Chunk: 62

Company: XOMA Royalty Corp
Filing Date: 2025-10-03
Form: 424B5
Chunk 62
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 the distribution, dividend, adjustment or recapitalization and the denominator of which is the number of shares of Common Stock outstanding immediately after such action. Fundamental Transaction.If we effect a “fundamental transaction” (as defined below), then upon any future conversion of the Series X Preferred Stock, the holders will have the right to receive, for each share of Common Stock they would have received upon such conversion, the same kind and amount of securities, cash or property as such holder would have been entitled to receive in the fundamental transaction had it been the holder of Common Stock immediately prior to the fundamental transaction. The term “fundamental transaction” means any of the following:

| • |     | a merger or consolidation of the Company with or into another entity or any stock sale to, or other business 
 combination in which the Company is not the surviving entity;                                                |

| • |     | the sale of all or substantially all of our assets in one transaction or a series of related transactions; |

| • |     | any completed tender offer or exchange offer involving holders of Common Stock in which more than 50% of the                            
 Common Stock not held by us or any other person making such offer is converted or exchanged into other securities, cash or property; or |

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| • |     | any reclassification of Common Stock or any compulsory share exchange by which our Common Stock is effectively 
 converted into or exchanged for other securities, cash or property (but not a reverse stock split).            |

If the holders of Common Stock are given a choice as to the securities, cash or property to be received in a fundamental transaction, the holders of Series X Preferred Stock will be given the same choice on conversion of such holders’ shares. Voting Rights.The Series X Preferred Stock has no voting rights, except to the extent expressly provided in our Certificate of Incorporation or as otherwise required by law. However, so long as at least 50% of the authorized shares of Series X Preferred Stock are outstanding, we may not take any of the following actions without the affirmative consent of holders of a majority of the outstanding Series X Preferred Stock:

| • |     | amend our Certificate of Incorporation, By-laws or other charter                                                                         
 documents so as to materially, specifically and adversely affect the preferences, rights, or privileges of the Series X Preferred Stock; |

| • |     | issue additional shares of Series X Preferred Stock or increase or decrease the number of authorized shares of 
 Series X Preferred Stock;                                                                                      |

| • |     | sell, assign, monet