Company: XOMAP
Filing Date: 2025-10-03
Form Type: 424B5
Source: 0001193125-25-230393
Chunk: 6

Company: XOMA Royalty Corp
Filing Date: 2025-10-03
Form: 424B5
Chunk 6
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 (“Series A Preferred                                                       
 Stock”), and with any future class or series of our equity securities expressly designated as ranking on parity with the Series B Preferred Stock; |

| 4) | Junior to all equity securities issued by us with terms specifically providing that those equity securities                                                                                                                               
 rank senior to the Series B Preferred Stock with respect to the payment of dividends and other distributions and the distribution of assets upon our liquidation, dissolution or winding up, none of which exists on the date hereof; and |

| 5) | Effectively junior to all our existing and future indebtedness (including indebtedness convertible into our                                                                          
 Common Stock or preferred stock) and to the indebtedness and other liabilities of (as well as any preferred equity interests held by others in) our existing or future subsidiaries. |

S-4

| Dividends and Other Distributions | We will pay cumulative cash dividends on the Series B Preferred Stock, when and as declared by our Board of Directors, at the rate of 8.375% per annum of the $25,000.00 liquidation preference ($25.00 per depositary share) per year (equivalent to 
 $2,093.75 per share of Series B Preferred Stock per year or $2.09375 per depositary share per year).                                                                                                                                                  |

| Dividends will be payable quarterly in arrears, on or about the 15th day of January, April, July and October; provided that if any dividend payment date is not a business day, then the dividend which would otherwise                          
 have been payable on that dividend payment date may be paid on the immediately preceding business day or the next succeeding business day, and no interest, additional dividends or other sums will accumulate. Dividends will accumulate and be 
 cumulative from, and including, the date of original issuance. Dividends on the Series B Preferred Stock underlying the depositary shares will continue to accumulate whether or not (i) we have earnings, (ii) there are funds legally          
 available for the payment of such dividends, and (iii) such dividends are authorized or declared by our Board of Directors.                                                                                                                      |

| Liquidation Preference | The liquidation preference of each share of Series B Preferred Stock is $25,000.00 ($25.00 per depositary share). Upon liquidation, Series B preferred shareholders will be entitled to receive the liquidation preference with respect to their 
 shares of Series B Preferred Stock plus an amount equal to any accumulated but unpaid dividends with respect to such shares