Company: LIMN
Filing Date: 2025-06-24
Form Type: S-1
Source: 0001410578-25-001432
Chunk: 230

Company: Liminatus Pharma, Inc.
Filing Date: 2025-06-24
Form: S-1
Chunk 230
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1million and $ 0, respectively. See Note 5 for discussion related to notes which have passed their maturity dates. Amantes Loans On November 1, 2024, the Company borrowed $ 0.4million from Amantes LLC (“Amantes”), a related party of the Company due to having common executives, pursuant to a loan agreement between the Company and Amantes (the “Amantes Loan”). On November 27, 2024, the Company borrowed an additional $ 0.3million from Amantes (the “Additional Amantes Loan”) (together with the Amantes Loan, the “Amantes November 2024 Loans”). The Amantes November 2024 Loans bear interest at 6% per annum and are due on January 1, 2025. On January 2, 2025 and January 23, 2025, the Company borrowed a total of $ 0.3million from Amantes, pursuant to loan agreements between the Company and Amantes (the “Amantes January 2025 Loans”). The Amantes January 2025 Loans bear interest at 6% per annum and are due on March 1, 2025 and March 22, 2025, respectively, which may be extended upon mutual agreement of the parties. As of March 31, 2025 and December 31, 2024, the balance of the Amantes Loans is $ 1.0million and $ 0.7million, respectively. As of March 31, 2025 and December 31, 2024, the related accrued interest of the loans from Amantes was less than $ 0.1million, respectively, and is included in accrued interest, related parties in the unaudited condensed balance sheets. For the three months ended March 31, 2025 and 2024, interest expense related to the Amantes Loans was less than $ 0.1million and $ 0, respectively. See Note 5 for discussion related to notes which have passed their maturity dates. Due to Related Party As of March 31, 2025 and December 31, 2024, the Company has $ 0.2million due to the CEO of the Company for compensation under his employment agreement. Viral Gene As of March 31, 2025 and December 31, 2024, the Company has $ 0.1million due from Viral Gene included in due from related party in the unaud