Company: XOMAP
Filing Date: 2025-08-04
Form Type: SC TO-C
Source: 0001193125-25-172184
Chunk: 2

Company: XOMA Royalty Corp
Filing Date: 2025-08-04
Form: SC TO-C
Chunk 2
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 the Purchase Agreement; the occurrence of the events giving
rise to payments under the Contingent Value Rights (“”) Agreement; the occurrence of any event, change or other circumstance that could give rise to the termination of the Purchase Agreement; the effect of the announcement or
pendency of the transactions on LAVA’s and Buyer’s respective businesses and operating results; risks that the transactions may disrupt LAVA’s or Buyer’s respective current plans and business operations; risks related to the
diverting of management’s attention from LAVA’s and Buyer’s respective ongoing business operations; general economic and market conditions and the other risks identified in LAVA’s and Buyer’s respective filings with the SEC
and subsequent filings with the SEC. Should any risks and uncertainties develop into actual events, these developments could have a material adverse effect on the transactions and/or LAVA and the Buyer’s ability to successfully complete the
transactions and, with respect to any CVR payment amounts, the consideration ultimately paid to LAVA shareholders (including whether any payments will be payable at all). In addition, unlisted factors may present significant additional obstacles to
the realization of forward-looking statements. The Buyer cautions investors not to place undue reliance on any forward-looking statements. Any forward-looking statements contained in this communication represent the Buyer’s views only as of the
date hereof and should not be relied upon as representing its views as of any subsequent date. The Buyer disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or
circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

Additional Information and Where to Find It The tender offer for the Shares of LAVA referenced in this communication has not yet commenced. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares, nor is it a substitute for the tender offer materials that the Buyer will file with the SEC. At the time the tender offer is commenced, the Buyer will file tender offer materials on Schedule TO, and, thereafter, LAVA will file a Solicitation/Recommendation Statement on Schedule 14D-9with the SEC with respect to the tender offer. The Offer will be made only pursuant to the tender offer materials (including an offer to purchase, a related letter of transmittal and certain other tender offer documents) filed with the SEC. THE TENDER OFFER MATERIALS (INCLUDING