Company: LIMN
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001410578-25-001746
Chunk: 308

Company: Liminatus Pharma, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 308
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. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our auditsprovide a reasonable basis for our opinion.

/s/ Marcum LLP

Marcum LLP

We have served as the Company’s auditor since 2020.

New York, NY
April 15, 2025

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IRIS ACQUISITION CORP BALANCE SHEETS

| ​                                                                                                                                                                                                                                              
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 Assets                                                                                                                                                                                                                                         
 Current assets                                                                                                                                                                                                                                 | ​ 
 ​ 
 ​ 
 ​ | ​            
 December 31, 
 2024         
 ​            
 ​            |           ​ 
           ​ 
           ​ | ​ 
 ​ 
 ​ | ​    
 2023 
 ​    
 ​    |           ​ 
           ​ 
           ​ |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:--|:-------------|------------:|:--|:-----|------------:|
| Cash(1)                                                                                                                                                                                                                                        | ​ | $            |      65,343 | ​ | $    |     156,425 |
| Restricted cash - held in Trust Account                                                                                                                                                                                                        | ​ | ​            |     739,195 | ​ | ​    |           — |
| Due from Sponsor                                                                                                                                                                                                                               | ​ | ​            |       1,256 | ​ | ​    |       1,256 |
| Franchise tax receivable                                                                                                                                                                                                                       | ​ | ​            |       5,200 | ​ | ​    |      53,200 |
| Prepaid expenses and other current assets                                                                                                                                                                                                      | ​ | ​            |       1,664 | ​ |      |           — |
| Total current assets                                                                                                                                                                                                                           | ​ | ​            |     812,658 | ​ | ​    |     210,881 |
| Cash and Investments held in Trust Account                                                                                                                                                                                                     | ​ | ​