Company: XOMAP
Filing Date: 2025-04-04
Form Type: PRE 14A
Source: 0001193125-25-073470
Chunk: 53

Company: XOMA Royalty Corp
Filing Date: 2025-04-04
Form: PRE 14A
Chunk 53
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 not take a contrary position to that discussed below regarding the tax considerations of the Reincorporation. This discussion is limited to a U.S. Holder that holds the Company stock as a “capital asset” within the meaning of Section 1221 of the Code (generally, property held for investment). This discussion does not address all U.S. federal income tax considerations relevant to a U.S. Holder’s particular circumstances, including without limitation the effect of the Medicare contribution tax on net investment income, the alternative minimum tax, or the special tax accounting rules under Section 451(b) of the Code. In addition, it does not address considerations relevant to U.S. Holders subject to special rules, such as:

| • |     | U.S. expatriates and former citizens or long-term residents of the United States; |

| • |     | U.S. Holders whose functional currency is not the U.S. dollar; |

| • |     | persons holding the Company stock as part of a hedge, straddle or other risk-reduction strategy or as part of a conversion transaction or other integrated investment; |

| • |     | banks, insurance companies and other financial institutions; |

| • |     | real estate investment trusts or regulated investment companies; |

| • |     | brokers, dealers or traders in securities or other persons that elect to use a mark-to-market method of accounting for their holdings in the Company stock; |

| • |     | tax-exempt organizations or governmental organizations; |

| • |     | persons deemed to sell the Company stock under the constructive sale provisions of the Code; |

| • |     | persons who hold or receive the Company stock pursuant to the exercise of any employee stock option or otherwise as compensation; |

| • |     | tax-qualified retirement plans; and |

| • |     | persons that own, or have owned, actually or constructively, more than 5% of the Company stock. |

If an entity or arrangement classified as a partnership for U.S. federal income tax purposes holds the Company stock, the tax treatment of a partner in such partnership will depend on the status of the partner, the activities of the partnership, and certain determinations made at the partner level. Accordingly, a partnership holding Company stock and each partner in such partnership is urged to consult its tax advisor regarding the U.S. federal income tax considerations to it of the Reincorporation . For purpose of this discussion, a “U.S. Holder” is any beneficial owner of the Company