Company: LIMN
Filing Date: 2025-02-07
Form Type: 424B3
Source: 0001104659-25-010605
Chunk: 296

Company: Liminatus Pharma, Inc.
Filing Date: 2025-02-07
Form: 424B3
Chunk 296
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 class of directors being elected in each year.                                                                                                                                                                                                                                                                             | ​ |

150

TABLE OF CONTENTS

| ​ | ParentCo (the “Surviving Corporation”)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | ​ | ​ | Iris                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | ​ |
| ​ | expires at the first annual meeting of the stockholders following the effectiveness of the Proposed ParentCo Certificate of Incorporation; the term of the initial Class II Directors will expire at the second annual meeting following the effectiveness of the Proposed ParentCo Certificate of Incorporation; and the term of the initial Class III directors will expire at the third annual meeting following the effectiveness of the Proposed ParentCo Certificate of Incorporation. At each succeeding annual meeting of the stockholders, each of the successors elected to replace the expiring class of directors will be elected for a three year term. If the number of directors that constitutes the board is changed, any increase or decrease will be apportioned by the board among the classes so as to maintain the number of directors in each class as nearly equal as possible, without shortening the term of any incumbent director. | ​ | ​ | ​                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | ​ |
| ​ | Removal of Directors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | ​ |
| ​ | The Proposed ParentCo Certificate of Incorporation provides that, except for Preferred Stock Directors (as defined therein), a director may be removed from office at any time only for cause by the affirmative vote of holders of at least two-third (2/3) of the voting power of all then issued and outstanding shares of capital stock entitled to vote generally in the election of directors, voting together as a single class.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | ​ | ​ | The Iris Certificate of Incorporation provides that any or all of the directors may be removed from office at any time, but only for cause and only by the affirmative vote of holders of a majority of the voting power of all then outstanding shares of capital stock of Iris entitled to vote generally in the election of directors, voting together as a single class, subject to the rights of any series of preferred stock then outstanding.                                                                          | ​ |
| ​ | Filling Vacancies on the Board of Directors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | ​ |
| ​ | The Proposed ParentCo Certificate of Incorporation provides that any newly created directorships resulting from any increase in the authorized number of directors or any vacancies on the