Company: XOMAP
Filing Date: 2025-07-24
Form Type: SC TO-T/A
Source: 0001193125-25-163557
Chunk: 4

Company: XOMA Royalty Corp
Filing Date: 2025-07-24
Form: SC TO-T/A
Chunk 4
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 set forth in the section of the Offer to Purchase titled “Summary Term Sheet” and in “The Tender Offer—Section 8. Source and Amount of Funds” of the Offer to Purchase is incorporated herein by reference. (b) The Offer is not subject to a financing condition.

| ITEM 8. | INTEREST IN SECURITIES OF THE SUBJECT COMPANY. |

The information set forth in “Special Factors—Section 2. Purpose of the Offer and Plans for Turnstone,” “The Tender Offer—Section 6. Certain Information Concerning Purchaser” and “Schedule A—Information Concerning Members of the Boards of Directors and the Executive Officers of Purchaser” of the Offer to Purchase and “Item 3—Identity and Background of the Filing Person” hereof is incorporated herein by reference.

| ITEM 9. | PERSONS/ASSETS RETAINED, EMPLOYED, COMPENSATED OR USED. |

(a) The information set forth in the section of the Offer to Purchase titled “Introduction” and in “Special Factors—Section 1. Background of the Offer; Contacts with Turnstone,” “The Tender Offer—Section 3. Procedures for Tendering Shares” and “The Tender Offer—Section 12. Fees and Expenses” of the Offer to Purchase is incorporated herein by reference.

| ITEM 10. | FINANCIAL STATEMENTS. |

Not applicable. Pursuant to Instruction 2 to Item 10 of Schedule TO, Purchaser’s financial statements are not considered material because (i) the consideration offered consists solely of cash, (ii) the Offer is not subject to any financing condition and (iii) Purchaser is a public reporting company under Section 13(a) or 15(d) of the Act that files reports electronically on EDGAR.

| ITEM 11. | ADDITIONAL INFORMATION. |

(a) The information set forth in “Special Factors—Section 1. Background of the Offer; Contacts with Turnstone,” “Special Factors—Section 2. Purpose of the Offer and Plans for Turnstone,” “Special Factors—Section 4. Possible Effects of the Offer on the Market for the Shares; Nasdaq Listing; Exchange Act Registration and Margin Regulations,” “The Tender Offer—Section 6. Certain Information Concerning Purchaser,” “The Tender Offer—Section 7. Summary of the Merger Agreement and Certain Other Agreements” and “The Tender Offer—Section 11. Certain Legal Matters; Regulatory Approvals” of the Offer to