Company: XOMAP
Filing Date: 2025-10-03
Form Type: 424B5
Source: 0001193125-25-230383
Chunk: 18

Company: XOMA Royalty Corp
Filing Date: 2025-10-03
Form: 424B5
Chunk 18
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 if we do not pay dividends or other distributions on any outstanding shares of Series A Preferred Stock for six or more quarterly dividend periods (whether or not declared or consecutive), holders of Series A Preferred Stock (voting separately as a class with all other outstanding series of Preferred Stock upon which like voting rights have been conferred and are exercisable) will be entitled to elect two additional directors to our board of directors to serve until all unpaid dividends or other distributions have been fully paid or declared and set apart for payment. In addition, certain material and adverse changes to the terms of the Series A Preferred Stock cannot be made without the affirmative vote of holders of at least 66 2/3% of the outstanding shares of Series A Preferred Stock, voting as a separate class. In any matter in which the Series A Preferred Stock may vote, each share of Series A Preferred Stock shall be entitled to one vote per $25.00 of liquidation preference. The 8.375% Series B Cumulative Perpetual Preferred Stock and the Series B Depositary Shares .We have designated 3,600 shares of our Preferred Stock as Series B Preferred Stock. The Series B Preferred Stock underlying the Series B Depositary Shares will rank, as to dividend rights and rights upon our liquidation, dissolution or winding up:

| • |     | senior to all classes or series of our Common Stock and to all other equity securities issued by us other than                                 
 any equity securities issued by us with terms specifically providing that those equity securities rank junior to the Series B Preferred Stock; |

| • |     | senior with respect to the payment of dividends and other distributions and on parity with respect to the                                                                                                                                                
 distribution of assets upon our liquidation, dissolution or winding up with our Series X Preferred Stock and on parity with our Series A Preferred Stock and with any future class or series of our equity securities expressly designated as ranking on 
 parity with the Series B Preferred Stock;                                                                                                                                                                                                                |

| • |     | junior to all equity securities issued by us with terms specifically providing that those equity securities rank                                                                            
 senior to the Series B Preferred Stock with respect to the payment of dividends and other distributions and the distribution of assets upon our liquidation, dissolution or winding up; and |

| • |     | effectively junior to all our existing and future indebtedness (including indebtedness convertible into our                                                                          
 Common Stock or Preferred Stock) and to the indebtedness and other liabilities of (as well as any preferred equity interests held by others in) our existing or future subsidiaries. |

Divid