secwatch.observer — SEC 8-K summary
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Issuer:     XOMA Royalty Corp (XOMA)
CIK:        0000791908
Form:       8-K
Filed at:   2026-04-27T23:59:59+00:00
Accession:  0001193125-26-179085
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ligand to acquire XOMA Royalty for $39.00/share cash plus contingent value rights
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- Per-share consideration: $39.00 cash plus CVRs representing rights to 75% of net proceeds from Janssen litigation.
- Support stockholders holding ~47% of shares agree to vote in favor; no financing condition for acquirer.
- Transaction includes holding company reorganization and CVR spin; expected close by Jan 26, 2027.
- Termination fee of $40M payable by XOMA under specified circumstances including superior proposal.
- XOMA Board unanimously recommends approval; stockholder vote required.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/791908/000119312526179085/0001193125-26-179085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/791908/000119312526179085/d139894d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-179085

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