Company: LIMN
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001104659-25-006325
Chunk: 458

Company: Liminatus Pharma, Inc.
Filing Date: 2025-01-27
Form: POS AM
Chunk 458
---
 $ |         690 | ​ | ​ | ​ | ​    | $ |            — | ​ | ​ |
| Remeasurement of Class A common stock subject to redemption value                    | ​ | ​ | ​            | $ |     420,786 | ​ | ​ | ​ | ​    | $ |    3,091,534 | ​ | ​ |
| Derivative on promissory note – related party                                        | ​ | ​ | ​            | ​ |     104,428 | ​ | ​ | ​ | ​    | ​ |            — | ​ | ​ |
| Forgiveness of payable due to an affiliate of the Sponsor                            | ​ | ​ | ​            | $ |           — | ​ | ​ | ​ | ​    | $ |      140,000 | ​ | ​ |

The accompanying notes are an integral part of these financial statements. F-32

TABLE OF CONTENTS

### IRIS ACQUISITION CORP

### NOTES TO FINANCIAL STATEMENTS

### NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Iris Acquisition Corp (the “Company”) formally known as Tribe Capital Growth Corp (name of the Company changed on July 27, 2022), is a blank check company incorporated in Delaware on November 5, 2020. The Company was incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”).

As of December 31, 2023, the Company had not commenced any operations. All activity for the period from November 5, 2020 (inception) through December 31, 2023 relates to the Company’s formation and the initial public offering described below (the “IPO”), and subsequent to the IPO identifying a target company for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company generates non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the IPO and unrealized gains and losses and the change in fair value of its warrants.

The Company’s sponsor is Iris Acquisition Holdings LLC (formerly known as Tribe Arrow Holdings I LLC), a Delaware limited liability company (the “Sponsor”). The registration statement for the Company’s IPO was declared effective on March 4, 2021 (the “Effective Date”).