Company: XOMAP
Filing Date: 2025-11-13
Form Type: SC TO-T/A
Source: 0001193125-25-278820
Chunk: 2

Company: XOMA Royalty Corp
Filing Date: 2025-11-13
Form: SC TO-T/A
Chunk 2
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One minute after 11:59 p.m. Eastern Time on November 12, 2025, the Offer expired. The Depositary and Paying Agent has
advised Purchaser that, as of the Expiration Time, a total of 22,877,463 Shares, collectively representing approximately 86.9% of the outstanding Shares, were validly tendered in accordance with the terms of the Offer and not properly withdrawn. As
a result, as of the Expiration Date, the number of Shares validly tendered in accordance with the terms of the Offer and not properly withdrawn satisfied the Minimum Condition, and all other conditions to the Offer were satisfied or waived.
Purchaser intends to accept for payment, and, as soon as practicable expects to pay for, all Shares validly tendered into the Offer and not properly withdrawn.

Pursuant to Rule 14d-11 promulgated under the Exchange Act, Purchaser has elected to provide a
Subsequent Offering Period of five Business Days, which commenced on November 13, 2025 and will expire one minute after on 11:59 p.m., New York City time, on November 20, 2025. Purchaser shall accept for payment all Shares validly tendered
during the Subsequent Offering Period. Holders of Shares tendered during the Subsequent Offering Period will not have withdrawal rights with respect to such tenders.

Purchaser expects to consummate the Post-Offer Reorganization pursuant to the Purchase Agreement starting at 00:00, Central European Time, on
the day following the expiration of the Subsequent Offering Period. Upon completion of the Post-Offer Reorganization, LAVA will no longer be a public traded company, and the listing of the LAVA shares on the NASDAQ will be terminated. In addition,
holders of Shares held by LAVA shareholders (other than Purchaser) upon implementation of the Post-Offer Reorganization following the expiration of the Subsequent Offering Period will receive the same consideration pursuant to the Post-Offer
Reorganization as holders of Shares tendered into the Offer (“”), less any applicable withholding taxes and

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without interest. The withholding tax applicable to the Cancellation Consideration will include a 15% Dutch dividend withholding tax to the extent the Cancellation Consideration exceeds the average paid up capital recognized for Dutch dividend withholding tax purposes of the New Topco A Shares immediately prior to the Cancellation becoming effective, unless an exemption or reduction of Dutch dividend withholding tax is applicable to