---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-269734"
form_type: "8-K"
ticker: "XOMA"
cik: "0000791908"
company_name: "XOMA Royalty Corp"
filed_at: "2026-06-12T21:22:32+00:00"
generated_at: "2026-06-12T21:24:16.881891+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# XOMA redeems all preferred stock, sets CVR record date; merger closing on July 14

## Summary
- Redemption of all 984K Series A and 1.76M Series B depositary shares on July 14 at $25/sh plus accrued dividends.
- Quarterly preferred dividends: Series A $0.53906/sh, Series B $0.52344/dep; record July 2, pay July 15.
- Merger with Ligand expected to close on/about July 14, 2026, subject to remaining conditions.
- CVR record date July 13, 2026 at 5pm ET; each common share receives one CVR for contingent Janssen payments.

## SEC filing metadata
- accession: 0001193125-26-269734
- form_type: 8-K
- ticker: XOMA
- cik: 0000791908
- company_name: XOMA Royalty Corp
- filed_at: 2026-06-12T21:22:32+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/791908/000119312526269734/0001193125-26-269734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/791908/000119312526269734/d143305d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-269734
- JSON: https://secwatch.observer/filing/0001193125-26-269734.json
- Plain text: https://secwatch.observer/filing/0001193125-26-269734.txt

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