Company: XOMAP
Filing Date: 2025-10-03
Form Type: 424B5
Source: 0001193125-25-230393
Chunk: 21

Company: XOMA Royalty Corp
Filing Date: 2025-10-03
Form: 424B5
Chunk 21
---
 authorized by our Board of Directors. Our Board of Directors is authorized to set for each series of preferred stock and related depositary shares the terms, preferences, conversion or other rights, voting powers, restrictions, limitations as to distributions, qualifications and terms or conditions of redemption. The Series B Preferred Stock is being issued pursuant to the certificate of designation, as amended, that sets forth the terms of a series of preferred stock consisting of up to 3,600 shares, designated 8.375% Series B Cumulative Perpetual Preferred Stock. The registrar, transfer agent and distributions disbursing agent for the Series B Preferred Stock is Equiniti Trust Company, LLC. Each depositary share represents a 1/1000th fractional interest in a share of Series B Preferred Stock. The Series B Preferred Stock underlying the depositary shares will be deposited with Equiniti Trust Company, LLC, as depositary, under a deposit agreement among us, the depositary and the holders from time to time of the depositary receipts issued by the depositary under the deposit agreement. The depositary shares will be evidenced by depositary receipts issued pursuant to the deposit agreement. Subject to the terms of the deposit agreement, each record holder of depositary receipts evidencing depositary shares will be entitled, proportionately, to all the rights and preferences of, and subject to all of the limitations of, the interest in the Series B Preferred Stock underlying the depositary shares (including dividend, voting, redemption and liquidation rights and preferences). See “Description of Depositary Shares” of the accompanying prospectus. Ranking The Series B Preferred Stock represented by the depositary shares will, as to dividend rights and rights upon our liquidation, dissolution or winding-up, rank:

| (1) | Senior to all classes or series of our common stock and to all other equity securities issued by us expressly 
 designated as ranking junior to the Series B Preferred Stock;                                                 |

| (2) | Senior with respect to the payment of dividends and other distributions and on parity with respect to the 
 distribution of assets upon our liquidation, dissolution or winding up with our Series X Preferred Stock; |

| (3) | On parity with our Series A Preferred Stock, and with any future class or series of our equity securities 
 expressly designated as ranking on parity with the Series B Preferred Stock;                              |

S-17

| (4) | Junior to all equity securities issued by us with terms specifically providing that those equity securities                                                                                                                               
 rank senior to the Series B Preferred Stock