Company: LIMN
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001104659-25-006325
Chunk: 454

Company: Liminatus Pharma, Inc.
Filing Date: 2025-01-27
Form: POS AM
Chunk 454
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F-27</div>

TABLE OF CONTENTS

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Marcum llp

Marcum llp

We have served as the Company’s auditor since 2020.

New York, NY 
 April 17, 2024

<div align='center'>F-28</div>

TABLE OF CONTENTS

IRIS ACQUISITION CORP
BALANCE SHEETS

| ​                                                                                                                                                                                                                                                   
 ​                                                                                                                                                                                                                                                   
 Assets                                                                                                                                                                                                                                              
 Current assets                                                                                                                                                                                                                                      | ​ 
 ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ 
 ​ | December 31, 
 2023         
 ​            
 ​            | ​ 
 ​ |           ​ 
           ​ | ​ 
 ​ | ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ | 2022 
 ​    
 ​    | ​ 
 ​ |           ​ 
           ​ | ​ 
 ​ | ​ 
 ​ 
 ​ 
 ​ |
|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:--|:--|:-------------|:--|------------:|:--|:--|:--|:-----|:--|------------:|:--|:--|
| Cash(1)                                                                                                                                                                                                                                             | ​ | ​ | ​            | $ |     156,425 | ​ | ​ | ​ | ​    | $ |     280,640 | ​ | ​ |
| Due from Sponsor                                                                                                                                                                                                                                    | ​ | ​ | ​            | ​ |       1,256 | ​ | ​ | ​ | ​    | ​ |       1,256 | ​ | ​ |
| Franchise tax receivable                                                                                                                                                                                                                            | ​ | ​ | ​            | ​ |      53,200 | ​ | ​ | ​ | ​    | ​ |           — | ​ | ​ |
| Prepaid expenses and other current assets                                                                                                                                                                                                           | ​ | ​ | ​            | ​ |           — | ​ | ​ | ​ | ​    | ​ |      78,753 | ​ | ​ |
| Total current assets