Company: LIMN
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001104659-25-003835
Chunk: 233

Company: Liminatus Pharma, Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 233
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 Tribe Capital Growth, with each whole warrant entitling the holder thereof to purchase one share of Class A common stock of Tribe Capital Growth for $11.50 per share. The units were sold at a price of $10.00 per unit, generating gross proceeds to Tribe Capital Growth of $276,000,000. The Tribe Capital Markets, LLC (“Tribe Capital”) team was appointed as the management of Tribe Capital Growth.

Following the consummation of the IPO, Tribe Capital Growth’s management and directors commenced an active, targeted search for potential business combination targets. The focus of this search was top-decile private technology companies exhibiting inflection points in their growth and potential to scale towards outsized outcomes with long-term venture capital.

Iris and Iris’s third-party advisors engaged in varying levels of discussions, due diligence, evaluation, analysis and negotiations with 8 potential business combination targets. The level of diligence varied based on data room access granted by the potential targets; satisfying Iris’s selection criteria; preparedness and receptivity with respect to a business combination and the terms on which a target was willing to consider a potential De-SPAC transaction. Due diligence included, among other things, a review of information contained in online data rooms, presentations and discussions with the potential targets’ management, potential target’s business, product pipeline, technology, historical performance, management team (ability to lead a public company) and the company’s competitive positioning.

Negotiations with potential target companies as Tribe Capital Growth Corp I*

Since the IPO, Tribe Capital Growth evaluated and considered several potential target companies operating in sectors such as crypto, health-tech, biosciences, media & communications, supply chain management, online dating, F&B, automotive technology and metaverse as candidates for a possible business combination transaction. The erstwhile management, Tribe Capital, adopted a quantitative bottom-up diligence approach that focuses on product-market fit, growth patterns, unit economics, customer base diversity, market standing in respective sector, operating regions (if they facilitate high growth), track record of management team and technology (proprietary, performance and other such metrics). Tribe Capital Growth and its advisors compiled a list of high priority potential targets and updated and supplemented such list from time to time. Tribe Capital Growth has:

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Identified and conducted preliminary screening of 65+ potential acquisition target companies;

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Preliminary screening resulted in 35 companies that could be potential de-SPAC targets based on business model, team background, product scalability and application. Tribe Capital Growth executed non-disclosure agreements with these