---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-160743"
form_type: "8-K/A"
ticker: "XOMA"
cik: "0000791908"
company_name: "XOMA Royalty Corp"
filed_at: "2024-06-13T23:59:59+00:00"
generated_at: "2026-06-01T04:44:24.918253+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# XOMA closes Kinnate acquisition for $122.7M cash; Q1 2024 pro forma net loss $21.7M

## Summary
- Cash consideration of $2.5879 per share + one CVR; aggregate cash $122.7M financed from cash on hand.
- Kinnate Q1 2024 net loss $13.1M, cash $151.3M at March 31, 2024.
- Pro forma combined net loss for Q1 2024 $21.7M; for FY 2023 $136.9M.
- Kinnate restructuring costs of $2.3M in Q1 2024; workforce reductions implemented.
- Includes historical audited financials of Kinnate as of Dec 31, 2023 and 2022.

## SEC filing metadata
- accession: 0001193125-24-160743
- form_type: 8-K/A
- ticker: XOMA
- cik: 0000791908
- company_name: XOMA Royalty Corp
- filed_at: 2024-06-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/791908/000119312524160743/0001193125-24-160743-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/791908/000119312524160743/d814270d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-160743
- JSON: https://secwatch.observer/filing/0001193125-24-160743.json
- Plain text: https://secwatch.observer/filing/0001193125-24-160743.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.