Company: XOMAP
Filing Date: 2025-10-03
Form Type: 424B5
Source: 0001193125-25-230393
Chunk: 32

Company: XOMA Royalty Corp
Filing Date: 2025-10-03
Form: 424B5
Chunk 32
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, without limitation, pro rata reductions applicable to any portion of the consideration payable in, or in connection with, the Delisting Event or Change of Control, as applicable. We will not issue fractional shares of Common Stock upon the conversion of the Series B Preferred Stock. Because each depositary share represents a 1/1000th interest in a share of the Series B Preferred Stock, the number of shares of Common Stock ultimately received for each depositary share will be equal to the number of shares of Common Stock received upon conversion of each share of Series B Preferred Stock divided by 1000. In the event that the conversion would result in the issuance of fractional shares of Common Stock, we will pay the holder of depositary shares the cash value of such fractional shares in lieu of such fractional shares. Within 15 days following the occurrence of a Delisting Event or Change of Control, as applicable, we will provide to holders of the depositary shares representing interests in the Series B Preferred Stock a notice of occurrence of the Delisting Event or Change of Control, as applicable, that describes the resulting Delisting Event Conversion Right or Change of Control Conversion Right, as applicable. This notice will state the following:

| • |     | the events constituting the Delisting Event or Change of Control, as applicable; |

| • |     | the date of the Delisting Event or Change of Control, as applicable; |

| • |     | the last date on which the holders of the depositary shares representing interests in the Series B Preferred    
 Stock may exercise their Delisting Event Conversion Right or Change of Control Conversion Right, as applicable; |

| • |     | the method and period for calculating the Common Stock Price; |

| • |     | the Delisting Event Conversion Date or Change of Control Conversion Date, as applicable; |

| • |     | that if, prior to the Delisting Event Conversion Date or Change of Control Conversion Date, as applicable, we                                                                                                                                         
 have provided or provide notice of our election to redeem all or any portion of the depositary shares representing interests in the Series B Preferred Stock, holders will not be able to convert the depositary shares representing interests in the 
 Series B Preferred Stock and such shares will be redeemed on the related redemption date, even if such shares have already been tendered for conversion pursuant to the Delisting Event Conversion Date or Change of Control Conversion Date, as      
 applicable;                                                                                                                                                                                                                                           |

| • |     | if applicable, the type and amount of Conversion Consideration entitled to be received