Company: LIMN
Filing Date: 2025-02-07
Form Type: 424B3
Source: 0001104659-25-010605
Chunk: 304

Company: Liminatus Pharma, Inc.
Filing Date: 2025-02-07
Form: 424B3
Chunk 304
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 bank, holders must notify their broker or bank that they elect to separate the Iris units into the underlying Iris Class A Common Stock and Public Warrants, or if a holder holds Iris units registered in its own name, the holder must contact the Transfer Agent directly and instruct it to do so. Public stockholders may elect to redeem all or a portion of their Iris Class A Common Stock regardless of whether they vote for or against the Business Combination or do not vote at all. If the Business Combination is not consummated, the Iris Class A common stock will not be redeemed for cash. If the Business Combination is consummated and a public stockholder properly exercises its right to redeem its Iris Class A Common Stock and timely delivers its stock certificates or shares to Iris’s Transfer Agent, Iris will redeem each share of Iris Class A Common Stock for a per share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, calculated as of two business days prior to the consummation of the Business Combination, including interest earned on the funds held in the Trust Account, divided by the number of then-outstanding shares of Iris Class A Common Stock, subject to certain limitations. For illustrative purposes, based on funds in our Trust Account of approximately $2,001,033 (as adjusted for redemptions paid out of the Trust Account in January 2025) as of January 2, 2025, stockholders would have received a redemption price of approximately $11.47 per share (net of all applicable taxes payable from the Trust Account) of Iris Class A Common Stock. If a public stockholder exercises its redemption rights, then it will be exchanging its redeemed Iris Class A Common Stock for cash and will no longer own such shares. Any request to redeem Iris Class A Common Stock, once made, may be withdrawn at any time until the deadline for requesting to exercise redemption rights requests and thereafter, with Iris’s consent, until the closing. Furthermore, if a holder of Iris Class A Common Stock delivers its certificate in connection with an election of its redemption and subsequently decides prior to the applicable date not to elect to exercise such rights, it may simply request that Iris’s Transfer Agent return the certificate (physically or electronically). The holder can make such request by contacting Iris’s Transfer Agent, at the address or email address listed in this proxy statement/prospectus. Iris will be required to honor such request only if made prior to the deadline for requesting to exercise redemption rights.

Notwithstanding the foregoing, a public stockholder