Company: XOMAP
Filing Date: 2025-10-03
Form Type: 424B5
Source: 0001193125-25-230393
Chunk: 7

Company: XOMA Royalty Corp
Filing Date: 2025-10-03
Form: 424B5
Chunk 7
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 up to but excluding the date of payment. See “Description of Series B Preferred Stock and the Depositary             
 Shares—Liquidation Preference” on page S-19 of this prospectus supplement.                                                                                                                                                                       |

| Optional Redemption | Prior to April 15, 2026, the shares of Series B Preferred Stock will be redeemable at our option, in whole or in part, at a redemption price equal to $25,250.00 per share ($25.25 per depositary share), plus any accrued and unpaid dividends.     
 On and after April 15, 2026, the shares of Series B Preferred Stock will be redeemable at our option, in whole or in part, at a redemption price equal to $25,000.00 per share ($25.00 per depositary share), plus any accrued and unpaid dividends. |

| On or after the date fixed for redemption of shares of Series B Preferred Stock, each holder of depositary shares to be redeemed must present and surrender the depositary receipts evidencing the depositary shares to the            
 depositary at the place designated in the notice of redemption. The redemption price of such depositary shares will then be paid to or on the order of the person whose name appears on such depositary receipts as the owner thereof. |

| Special Optional Redemption | Upon the occurrence of a Delisting Event (as defined below), we may, at our option, redeem the Series B Preferred Stock, in whole or in part, within 90 
 days after the first date on which such Delisting                                                                                                       |

S-5

| Event occurred, for cash, at a redemption price of $25,000.00 per share (equivalent to $25.00 per depositary share), plus any accrued and unpaid dividends up to, but not including, the date of 
 redemption, and the depositary will redeem a proportional number of depositary shares representing the shares redeemed.                                                                          |

| A “Delisting Event” occurs when, after the original issuance of Series B Preferred Stock, both (i) the shares of Series B Preferred Stock (or the depositary shares) are no longer listed on Nasdaq, the                     
 New York Stock Exchange (the “NYSE”) or the NYSE American LLC (“NYSE AMER”), or listed or quoted on an exchange or quotation system that is a successor to Nasdaq, the NYSE or the NYSE AMER, and (ii) we are not subject to 
 the reporting requirements of the Securities Exchange Act of 1934, as amended