Company: LIMN
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001410578-25-001518
Chunk: 15

Company: Liminatus Pharma, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 15
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holders to sell their securities. |

| ● | The market price of our equity securities may be volatile, and you could lose a significant part of your investment. |

| ● | The requirements of being a public company may strain the Company’s resources and distract management and we will incur substantial costs as a result of being a public company. |

| ● | We do not intend to pay any cash dividends in the foreseeable future. |

| ● | If our shares become subject to the penny stock rules, it would become more difficult to trade our shares. |

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THE OFFERING

| ​                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ​ |
| Issuer                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Liminatus Pharma, Inc. |
| ​                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ​ |
| Shares of Common Stock offered by the Selling Securityholders |                                                                                                                                                                                                                                                 We are registering for resale by the Selling Securityholders up to (a) 10,169,406 shares of Common Stock issued as merger consideration shares in connection with the Liminatus Merger; (b) 6,900,000 shares of Common Stock issued to the Sponsor upon conversion of the founder shares prior to the IPO; (c) 1,500,000 shares of Common Stock issued to the PIPE Investor; (d) 835,555 shares of Common Stock issuable upon the exercise of 835,555 Private Warrants; (e) up to 700,000 shares of Common Stock issued to Cantor in settlement of $7.0 million in deferred underwriting fees; and (f) up to 350,000 shares of Common Stock issued to Alta pursuant to a settlement and release agreement. |
| ​                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ​ |
| Securities registered for primary issuance                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          We are registering the primary issuance of an aggregate of up to 6,900,000 shares of Common Stock underlying the Public Warrants. |
| ​                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ​ |
| Terms of the offering                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           The Selling Securityholders will determine when and how they will dispose of the shares of Common Stock registered under this prospectus for resale. See “Plan of Distribution.” |
| ​                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ​ |
| Shares outstanding prior to this offering                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 27,064,