XOMA Corp Files 8-K on Material Agreement & Financials

TL;DR

**XOMA just dropped an 8-K about a new material agreement and updated financials, so keep an eye on their stock!**

AI Summary

XOMA Corporation filed an 8-K on February 16, 2024, to report an entry into a material definitive agreement, regulation FD disclosure, and financial statements and exhibits. The filing indicates the company's current status and its various stock classes, including Common Stock, Series A Preferred Stock, and Series B Preferred Stock, all as of the report date. This filing updates investors on significant corporate actions and financial disclosures.

Why It Matters

This filing signals that XOMA Corp has entered into a significant agreement, which could impact its future operations and financial performance, and provides updated financial disclosures to the market.

Risk Assessment

Risk Level: medium — The filing mentions a 'material definitive agreement' without details, which introduces uncertainty about its potential impact, making the risk level medium.

Key Players & Entities

• XOMA Corporation (company) — Registrant
• February 16, 2024 (date) — Date of Report
• Delaware (company) — State of Incorporation
• 001-39801 (dollar_amount) — Commission File Number
• 52-2154066 (dollar_amount) — I.R.S. Employer Identification Number

FAQ

Key Financial Figures

• $0.0075 — nge on which registered: Common Stock, $0.0075 par value XOMA The Nasdaq Global Ma
• $0.05 — ve Perpetual Preferred Stock, par value $0.05 per share XOMAP The Nasdaq Global M
• $2.3352 — sal shares for a price per share of (A) $2.3352 (the "Base Price Per Share"), payable s
• $0.2527 — ) an additional amount of cash of up to $0.2527 per share of Common Stock as finally de
• $120,000,000 — the Merger Agreement) shall be at least $120,000,000 as of the expiration of the Offer; (iii
• $3,500,000 — to pay the Company a termination fee of $3,500,000 (the "Termination Fee"). If the Merger
• $1,250,000 — nnate shall reimburse the Company up to $1,250,000 of its out-of-pocket fees and expenses.

Filing Documents

• d793007d8k.htm (8-K) — 50KB
• d793007dex21.htm (EX-2.1) — 655KB
• d793007dex991.htm (EX-99.1) — 14KB
• g793007g0216075340254.jpg (GRAPHIC) — 6KB
• 0001193125-24-038129.txt ( ) — 1061KB
• xoma-20240216.xsd (EX-101.SCH) — 4KB
• xoma-20240216_def.xml (EX-101.DEF) — 14KB
• xoma-20240216_lab.xml (EX-101.LAB) — 23KB
• xoma-20240216_pre.xml (EX-101.PRE) — 15KB
• d793007d8k_htm.xml (XML) — 7KB

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 2.1 Agreement and Plan of Merger between the Company, Kinnate and Merger Sub, dated February 16, 2024. 99.1 Press Release of the Company, dated February 16, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. XOMA CORPORATION Date: February 16, 2024 By: /s/ THOMAS BURNS Thomas Burns Senior Vice President, Finance and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR