--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-302648" form_type: "8-K" ticker: "XOMA" cik: "0000791908" company_name: "XOMA Royalty Corp" filed_at: "2026-07-14T13:10:21+00:00" generated_at: "2026-07-14T13:11:06.329908+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Ligand completes acquisition of XOMA Royalty for $39.00/share plus CVRs ## Summary - Stockholders received $39.00 cash per share plus one CVR per share entitling holder to 75% of net proceeds from certain pending litigation. - Merger approved by stockholders with 15.9M votes for, 98K against; closing occurred July 14, 2026. - XOMA Royalty common stock delisted from Nasdaq; loan agreement with Blue Owl Capital terminated. - New directors appointed: Todd C. Davis, Octavio Espinoza, Andrew Reardon; prior directors resigned. - Leerink Partners and H.C. Wainwright served as financial advisors; Gibson Dunn as legal advisor. ## SEC filing metadata - accession: 0001193125-26-302648 - form_type: 8-K - ticker: XOMA - cik: 0000791908 - company_name: XOMA Royalty Corp - filed_at: 2026-07-14T13:10:21+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.02, 2.01, 1.01, 3.01, 3.03, 5.01, 5.02, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/0001193125-26-302648-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/d165297d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-302648 - JSON: https://secwatch.observer/filing/0001193125-26-302648.json - Plain text: https://secwatch.observer/filing/0001193125-26-302648.txt ## Key facts - Executive change Andrew Reardon was appointed as Director at XOMA Royalty Corp. - Action: appointed - Role: Director source text: the directors of Merger Sub as of immediately prior to the Effective Time, Todd C. Davis, Octavio Espinoza and Andrew Reardon, became the directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/0001193125-26-302648-index.htm - Executive change Owen Hughes resigned as Director at XOMA Royalty Corp. - Action: resigned - Role: Director source text: each of Jack L. Wyszomierski, Heather L. Franklin, Natasha Hernday, Owen Hughes, Barbara Kosacz, Joseph M. Limber and Matthew Perry, voluntarily resigned as directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/0001193125-26-302648-index.htm - Executive change Octavio Espinoza was appointed as Director at XOMA Royalty Corp. - Action: appointed - Role: Director source text: the directors of Merger Sub as of immediately prior to the Effective Time, Todd C. Davis, Octavio Espinoza and Andrew Reardon, became the directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/0001193125-26-302648-index.htm - Executive change Matthew Perry resigned as Director at XOMA Royalty Corp. - Action: resigned - Role: Director source text: each of Jack L. Wyszomierski, Heather L. Franklin, Natasha Hernday, Owen Hughes, Barbara Kosacz, Joseph M. Limber and Matthew Perry, voluntarily resigned as directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/0001193125-26-302648-index.htm - Executive change Natasha Hernday resigned as Director at XOMA Royalty Corp. - Action: resigned - Role: Director source text: each of Jack L. Wyszomierski, Heather L. Franklin, Natasha Hernday, Owen Hughes, Barbara Kosacz, Joseph M. Limber and Matthew Perry, voluntarily resigned as directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/0001193125-26-302648-index.htm - Executive change Jack L. Wyszomierski resigned as Director at XOMA Royalty Corp. - Action: resigned - Role: Director source text: each of Jack L. Wyszomierski, Heather L. Franklin, Natasha Hernday, Owen Hughes, Barbara Kosacz, Joseph M. Limber and Matthew Perry, voluntarily resigned as directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/0001193125-26-302648-index.htm - Executive change Barbara Kosacz resigned as Director at XOMA Royalty Corp. - Action: resigned - Role: Director source text: each of Jack L. Wyszomierski, Heather L. Franklin, Natasha Hernday, Owen Hughes, Barbara Kosacz, Joseph M. Limber and Matthew Perry, voluntarily resigned as directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/0001193125-26-302648-index.htm - Executive change Joseph M. Limber resigned as Director at XOMA Royalty Corp. - Action: resigned - Role: Director source text: each of Jack L. Wyszomierski, Heather L. Franklin, Natasha Hernday, Owen Hughes, Barbara Kosacz, Joseph M. Limber and Matthew Perry, voluntarily resigned as directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/0001193125-26-302648-index.htm - Executive change Heather L. Franklin resigned as Director at XOMA Royalty Corp. - Action: resigned - Role: Director source text: each of Jack L. Wyszomierski, Heather L. Franklin, Natasha Hernday, Owen Hughes, Barbara Kosacz, Joseph M. Limber and Matthew Perry, voluntarily resigned as directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/0001193125-26-302648-index.htm - Executive change Todd C. Davis was appointed as Director at XOMA Royalty Corp. - Action: appointed - Role: Director source text: the directors of Merger Sub as of immediately prior to the Effective Time, Todd C. Davis, Octavio Espinoza and Andrew Reardon, became the directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/0001193125-26-302648-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.