Company: LIMN
Filing Date: 2025-06-24
Form Type: S-1
Source: 0001410578-25-001432
Chunk: 254

Company: Liminatus Pharma, Inc.
Filing Date: 2025-06-24
Form: S-1
Chunk 254
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 250 | ​ |   |      — |
| Prophase May 2024 Loans          |   | Short-term debt, net, related parties | ​ |              |    790 | ​ |   |      — |
| Prophase July 2024 Loans         |   | Short-term debt, net, related parties | ​ |              |     83 | ​ |   |      — |
| Prophase August 2024 Loans       |   | Short-term debt, net, related parties | ​ |              |     50 | ​ |   |      — |
| Hana August 2024 Loans           |   | Short-term debt, net, related parties | ​ |              |    850 | ​ |   |      — |
| Amantes November 2024 Loans      |   | Short-term debt, net, related parties | ​ |              |    700 | ​ |   |      — |
| ​                                | ​ | ​                                     | ​ | ​            |      ​ | ​ | ​ |      ​ |
| Short-term debt, related parties | ​ | ​                                     | ​ | $            | 19,973 | ​ | $ | 16,050 |

As of December 31, 2024 and 2023, the Company’s outstanding debt agreements are all classified as current as all are past due with the exception of the Amantes November 2024 Loans, which are due within one year. All of the loans are with related parties (see Note 4).

As the Company’s loans are with related parties, the Company and its related parties have mutually agreed to defer repayment of the past due loans until the completion of the Company’s business combination with Iris.

Note 6. Members’ Deficit On May 20, 2018, the Company issued 10,000,000Class A member units for $ 0.1million to its Initial Member. On June 11, 2018, in connection with the Initial Member unit issuance, the Company granted equity-classified options to purchase 16,666,666member units for $ 0.01per unit to the Initial Member, which were exercised in April 2021 for $ 0.2million in a non-cash transaction using the amounts in due to related parties. In May 2022, the Company issued 8,400,000new Class A member units for $ 4.2million, or $ 0.50per unit. In December 2022,