Company: LIMN
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001104659-25-003835
Chunk: 309

Company: Liminatus Pharma, Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 309
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 public shares they may hold in connection with the completion of the Business Combination.

You will be entitled to receive cash for any shares of Iris Class A Common Stock to be redeemed only if you:

(i)

(a) hold Iris Class A Common Stock, or (b) hold Iris Units and you elect to separate your such Iris Units into the underlying shares of Iris Class A Common Stock and Public Warrants prior to exercising your redemption rights with respect to the Iris Class A Common Stock; and

(ii)

prior to , Eastern Time, on , 2025 (two Business Days prior to the vote at the Special Meeting), (a) submit a written request to the Transfer Agent that Iris redeem your shares of Iris Class A Common Stock for cash and (b) deliver your shares of Iris Class A Common Stock to the Transfer Agent, physically or electronically through DTC.

As noted above, holders of Iris units must elect to separate the underlying Iris Class A Common Stock and Public Warrants prior to exercising redemption rights with respect to the Iris Class A Common Stock. If holders hold their Iris units in an account at a brokerage firm or bank, holders must notify their broker or bank that they elect to separate the Iris units into the underlying Iris Class A Common Stock and Public Warrants, or if a holder holds Iris units registered in its own name, the holder must contact the Transfer Agent directly and instruct it to do so. Public stockholders may elect to redeem all or a portion of their Iris Class A Common Stock regardless of whether they vote for or against the Business Combination or do not vote at all. If the Business Combination is not consummated, the Iris Class A common stock will not be redeemed for cash. If the Business Combination is consummated and a public stockholder properly exercises its right to redeem its Iris Class A Common Stock and timely delivers its stock certificates or shares to Iris’s Transfer Agent, Iris will redeem each share of Iris Class A Common Stock for a per share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, calculated as of two business days prior to the consummation of the Business Combination, including interest earned on the funds held in the Trust Account, divided by the number of then-outstanding shares of Iris Class A Common Stock, subject to certain limitations. For illustrative purposes, based on funds in our Trust Account of approximately $2,001,033 (as adjusted for redemptions paid out of the Trust Account in January 2025) as of January 2, 2025