# EDGAR Filing Document

**Accession Number:** 0001232621
**File Stem:** 0001214659-25-013197
**Filing Date:** 2025-9
**Character Count:** 4092
**Document Hash:** afcdf97454453934bb3dbe668f965a97
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-25-013197.hdr.sgml**: 20250902

**ACCESSION NUMBER**: 0001214659-25-013197

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250902

**EFFECTIVENESS DATE**: 20250902

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TANG CAPITAL MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001232621

**ORGANIZATION NAME:**
- **EIN:** 461592449
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14822
- **FILM NUMBER:** 251285641

**BUSINESS ADDRESS:**
- **STREET 1:** 4747 EXECUTIVE DRIVE
- **STREET 2:** SUITE 210
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92121
- **BUSINESS PHONE:** 858-200-3830

**MAIL ADDRESS:**
- **STREET 1:** 4747 EXECUTIVE DRIVE
- **STREET 2:** SUITE 210
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92121

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001232621

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** TANG CAPITAL MANAGEMENT LLC

**Address:** 4747 EXECUTIVE DRIVE, SAN DIEGO, CA 92121

**Telephone number:** 858-200-3830

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-14822

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 1

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER              | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                               | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| AGILE THERAPEUTICS INC      | 00847L308 | 08/22/2024     | APPROVAL OF COMPENSATION OF EXECUTIVE OFFICERS | SECTION 14A SAY-ON-PAY VOTES |         426153 |                0 | FOR         |                                   426153 | FOR                         |  |
| AURINIA PHARMACEUTICALS INC | 05156V102 | 05/15/2025     | APPROVAL OF COMPENSATION OF EXECUTIVE OFFICERS | SECTION 14A SAY-ON-PAY VOTES |       10029500 |                0 | FOR         |                                 10029500 | FOR                         |  |
| DYNAVAX TECHNOLOGIES CORP   | 268158201 | 06/11/2025     | APPROVAL OF COMPENSATION OF EXECUTIVE OFFICERS | SECTION 14A SAY-ON-PAY VOTES |        6050000 |                0 | FOR         |                                  6050000 | FOR                         |  |
| KEROS THERAPEUTICS INC      | 492327101 | 06/04/2025     | APPROVAL OF COMPENSATION OF EXECUTIVE OFFICERS | SECTION 14A SAY-ON-PAY VOTES |         928623 |                0 | AGAINST     |                                   928623 | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** TANG CAPITAL MANAGEMENT LLC

**By (Signature):** KEVIN TANG

**By (Printed Signature):** KEVIN TANG

**By (Title):** MANAGER

**Date:** 09/02/2025