secwatch.observer — SEC 8-K summary
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Issuer:     XOMA Royalty Corp (XOMA)
CIK:        0000791908
Form:       8-K
Filed at:   2026-07-14T13:10:21+00:00
Accession:  0001193125-26-302648
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.02, 2.01, 1.01, 3.01, 3.03, 5.01, 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ligand completes acquisition of XOMA Royalty for $39.00/share plus CVRs
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/0001193125-26-302648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/791908/000119312526302648/d165297d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-302648

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