Company: XOMAP
Filing Date: 2025-08-04
Form Type: SC TO-C
Source: 0001193125-25-172184
Chunk: 1

Company: XOMA Royalty Corp
Filing Date: 2025-08-04
Form: SC TO-C
Chunk 1
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 2025, among Buyer and LAVA (the
“”).

The press release filed herewith as Exhibit 99.1 is neither an offer to purchase nor a
solicitation of an offer to sell securities. The Offer for the Shares described in this filing has not commenced. At the time the Offer is commenced, the Buyer will file a tender offer statement on Schedule TO with the Securities and Exchange
Commission (“”), and LAVA will file a solicitation/recommendation statement on Schedule 14D-9, with respect to the Offer.

Cautionary Note Regarding Forward-Looking Statements

This communication contains forward-looking statements related to the Buyer and LAVA and the acquisition by the Buyer of LAVA, including
express or implied forward-looking statements about the future operations and performance of LAVA and Buyer. These forward-looking statements are within the meaning of U.S. federal securities laws, including, without limitation, statements regarding
the anticipated timing of and closing of the proposed Offer and related transactions contemplated by the Purchase Agreement (collectively referred to as the “transactions”). The words “anticipate,” “approximately,”
“look to,” “plan,” “expect,” “may,” “will,” “could” or “should,” the negative of these terms or similar expressions are intended to identify forward-looking statements, although
not all forward-looking statements contain these identifying words. These statements are based on current plans, estimates and projections. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and
specific. The Buyer cautions that a number of important factors, including those described in this communication, could cause actual results to differ materially from those contemplated in any forward-looking statements. Any forward-looking
statements in this communication are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those
expressed or implied by any forward-looking statements contained in this communication, including, without limitation, the impact of actions of other parties with respect to the transactions; the possibility that competing offers will be made; the
outcome of any legal proceedings that have been or could be instituted against the Buyer , LAVA or their respective directors; the risk that the transactions may not be completed in a timely manner, or at all, which may adversely affect LAVA’s
or Buyer’s respective businesses and the price of their respective shares of capital stock; the failure to satisfy all of the closing conditions of the transactions contemplated by