Company: LIMN
Filing Date: 2025-02-07
Form Type: 424B3
Source: 0001104659-25-010605
Chunk: 849

Company: Liminatus Pharma, Inc.
Filing Date: 2025-02-07
Form: 424B3
Chunk 849
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Co Common Stock at a purchase price per shareof $10.00, for an aggregate purchase price of $15,000,000) in anamount greater than 20% of the number of shares of Iris commonstock before such issuance.(3) The Incentive Plan Proposal – To approveand adopt the ParentCo 2025 Omnibus EquityIncentive Plan.(4) The ParentCo Charter Proposal – To approve,on an advisory and non-binding basis,ParentCo’s amended and restated certificateof incorporation (the “ParentCo Certificate ofIncorporation”), to be approved and adopted in connection with theBusiness Combination.(5) Advisory Charter Proposals – To consider and vote, on anadvisory and non-binding basis, on the following proposals 5A, 5B,5C, 5D, 5E and 5F, to approve certain governance provisions in theproposed ParentCo Certificate of Incorporation.(5A) Advisory Charter Proposal 5A —To amend the name of the public entity to“Liminatus Pharma, Inc.” from “Iris AcquisitionCorp”(5B) Advisory Charter Proposal 5B — Toauthorize the issuance of up to 500,000,000shares of common stock, and up to 1,000,000shares of “blank check” preferred stock, therights, preferences and privileges of which may be designated fromtime to time by ParentCo’s board of directors.(5C) Advisory Charter Proposal 5C — Toprovide that the removal of any director beonly for cause and by the affirmative vote of atleast 66 2/3% of Parent Co’s then outstandingshares of capital stock entitled to vote generally in the election ofdirectors.(5D) Advisory Charter Proposal 5D — Tomake ParentCo’s corporate existence perpetualas opposed to Iris’s corporate existence, whichis required to be dissolved and liquidated 51months following the closing of its initial public offering if it does notcomplete a business combination in that time, and to remove from theproposed ParentCo Certificate of Incorporation the various provisionsapplicable only to special purpose acquisition corporations.(5E) Advisory Charter Proposal 5E — Toprovide that ParentCo will not be subject toSection 203 of the DGCL.(5F) Advisory Charter Proposal 5F — Toincrease the required vote thresholds forapproving amendments to the proposedParentCo Certificate of Incorporation andbylaws to 66 2/3%.(