Company: XOMAP
Filing Date: 2025-10-03
Form Type: 424B5
Source: 0001193125-25-230393
Chunk: 102

Company: XOMA Royalty Corp
Filing Date: 2025-10-03
Form: 424B5
Chunk 102
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     | whether the contingent value rights will be evidenced by certificates; |

| • |     | the extent to which the contingent value rights will have voting or dividend rights; |

| • |     | the extent to which the contingent value rights represent any equity or ownership interest in the company; |

| • |     | the date on which the right to exercise the contingent value rights would commence (if applicable) and the date 
 on which the contingent value rights shall expire (subject to any extension); and                               |

| • |     | any other terms of the contingent value rights, including terms, procedures and limitations relating to the 
 exchange and exercise of the contingent value rights, as applicable.                                        |

Exercise of Contingent Value Rights Each contingent value right will entitle the holder to receive consideration as shall be set forth in, or be determinable as set forth in, the prospectus supplement relating to the contingent value rights offered thereby. If applicable, rights may be exercised as set forth in the prospectus supplement beginning on the date specified therein and continuing until the close of business on the expiration date set forth in the prospectus supplement relating to the rights offered thereby. After the close of business on the expiration date, unexercised rights will become void, as applicable. Governing Law Unless we otherwise specify in the applicable prospectus supplement, the contingent value rights and any contingent value rights agreements or certificates will be governed by and construed in accordance with the laws of the State of New York. 34

DESCRIPTION OF ROYALTY CERTIFICATES The following is a general description of the terms of the royalty certificates we may issue from time to time unless we provide otherwise in the prospectus supplement. Particular terms of any royalty certificates we offer will be described in the prospectus supplement relating to such royalty certificates. The terms of any royalty certificates offered under a prospectus supplement may differ from the terms described below. We will file as an exhibit to the registration statement of which this prospectus is a part, or will incorporate by reference from reports that we file with the SEC, the form of subscription agreement pursuant to which royalty certificates are issued, containing the terms of the royalty certificates that we are offering before the issuance of the royalty certificates. The following summary of material provisions of the royalty certificates is subject to, and qualified in its entirety by reference to, all of the provisions of the form of subscription agreements. We urge you to read the applicable prospectus supplements and any related free writing prospectuses related to the royalty certificates that we may offer under