litigation
confidence high
sentiment neutral
materiality 0.70
Liminatus Pharma issues 4M shares to settle $7.5M default judgment, dismisses lawsuits
Liminatus Pharma, Inc.
- Issued 4,000,000 shares to Clear Street LLC in exchange for surrender of 805,377 warrants.
- Settles default judgment of $7.5M plus approximately $515K interest from September 2025.
- Dismisses two federal lawsuits: Central District of California and Southern District of New York.
- Unregistered issuance under Section 3(a)(9) of the Securities Act; no commissions paid.