Company: XOMAP
Filing Date: 2025-10-03
Form Type: 424B5
Source: 0001193125-25-230393
Chunk: 103

Company: XOMA Royalty Corp
Filing Date: 2025-10-03
Form: 424B5
Chunk 103
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 this prospectus, and the complete form of subscription agreement. General We may issue royalty certificates representing the contractual right to receive royalties from us and/or our existing or future subsidiaries, including royalties of third parties for which we have a contractual entitlement. Royalty certificates may be issued independently or together with other securities and may or may not be transferable by the person purchasing or receiving the royalty certificates. We will describe in the applicable prospectus supplement the terms of any royalty certificates we may issue, including the following:

| • |     | the formula for the determination of the percentage of the royalties issued to each holder; |

| • |     | the consideration to be received by each royalty certificate holder; |

| • |     | the extent to which the royalty certificates are transferable; |

| • |     | the extent to which the royalty certificates will have voting or dividend rights; |

| • |     | the extent to which the royalty certificates represent any equity or ownership interest in the Company; |

| • |     | the effect of any merger, consolidation, sale or other disposition of our business on the royalty certificates; |

| • |     | the terms of any rights to redeem or call the royalty certificates; |

| • |     | if applicable, a discussion of certain U.S. federal income tax considerations; and |

| • |     | any other terms of the royalty certificates, including terms, procedures and limitations relating to the exchange 
 of the royalty certificates.                                                                                      |

Governing Law Unless we otherwise specify in the applicable prospectus supplement, the royalty certificates and subscription agreements pursuant to which royalty certificates are issued will be governed by and construed in accordance with the laws of the State of New York. 35

DESCRIPTION OF UNITS The following is a general description of the terms of the units we may issue from time to time unless we provide otherwise in the prospectus supplement. Particular terms of any units we offer will be described in the prospectus supplement relating to such units. 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 unit agreement, if any, containing the terms of the units that we are offering before the issuance of the units. The following summary of material provisions of the units is subject to, and qualified in its entirety by reference to, all of the provisions of the form of unit agreements, if any. We urge you to read the applicable prospectus supplements and any related free writing