Company: LIMN
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001104659-25-003835
Chunk: 492

Company: Liminatus Pharma, Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 492
---
 Loans; provided that such conversion of Founder Shares will never occur on a less than one-for-one basis. On September 20, 2023, the Sponsor converted all of its Class B common stock on a one-for-one basis into Class A common stock (such shares, the “Converted Shares”). The Sponsor will not have any redemption rights in connection with the Converted Shares, and the Converted Shares will be subject to the restrictions on transfer entered into by the Sponsor in connection with the IPO. NOTE 10. INCOME TAXES The Company’s net deferred tax assets (liability) at December 31, 2023 and 2022 are as follows:

| ​                                    
 Deferred tax asset:                  | ​ 
 ​ | ​ 
 ​ | December 31,2023 
 ​                | ​ |          ​ | ​ | ​ 
 ​ | ​ 
 ​ | December 31,2022 
 ​                | ​ |        ​ | ​ | ​ 
 ​ |
|:-------------------------------------|:--|:--|:-----------------|:--|-----------:|:--|:--|:--|:-----------------|:--|---------:|:--|:--|
| Startup expenses                     | ​ | ​ | ​                | $ |  1,041,535 | ​ | ​ | ​ | ​                | $ |  637,807 | ​ | ​ |
| Accrued Interest                     | ​ | ​ | ​                | ​ |      7,307 | ​ | ​ | ​ | ​                | ​ |        — | ​ | ​ |
| Total deferred tax asset             | ​ | ​ | ​                | ​ |  1,048,842 | ​ | ​ | ​ | ​                | ​ |  637,807 | ​ | ​ |
| Valuation allowance                  | ​ | ​ | ​                | ​ | -1,048,842 | ​ | ​ | ​ | ​                | ​ | -637,807 | ​ | ​ |
| Deferred tax asset, net of allowance | ​ | ​ | ​                | $ |          — | ​ | ​ | ​ | ​                | $ |        — | ​ | ​ |

F-48

TABLE OF CONTENTS

IRIS ACQUISITION CORP NOTES TO FINANCIAL STATEMENTS The income tax provision for the years ended December 31, 2023 and 2022 consists of the following:

| ​                             
 Federal                       | ​ 
 ​ | ​ 
 ​