XOMA Royalty Corp. Files 8-K on Preferred Stock Issuance
Ticker: XOMAP · Form: 8-K · Filed: Sep 23, 2024 · CIK: 791908
| Field | Detail |
|---|---|
| Company | Xoma Royalty Corp (XOMAP) |
| Form Type | 8-K |
| Filed Date | Sep 23, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0075, $0.05, $5 million, $52.6 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-stock, filing, capital-structure
Related Tickers: XOMA
TL;DR
XOMA dropped an 8-K detailing new preferred stock, watch for dilution!
AI Summary
On September 20, 2024, XOMA Royalty Corp. filed an 8-K report detailing the issuance of Series C Cumulative Perpetual Preferred Stock. The company also reported on its common stock and Series B Cumulative Perpetual Preferred Stock, with specific par values and share information.
Why It Matters
This filing provides transparency on XOMA Royalty Corp.'s capital structure and recent stock issuances, which can impact investor understanding of the company's financial health and future obligations.
Risk Assessment
Risk Level: medium — The filing involves preferred stock issuances, which can introduce financial obligations and potential dilution for common shareholders.
Key Numbers
- 8.625% — Series A Preferred Stock Dividend Rate (Indicates a fixed cost of capital for this series.)
- 8.375% — Series B Preferred Stock Dividend Rate (Indicates a fixed cost of capital for this series.)
Key Players & Entities
- XOMA Royalty Corp. (company) — Registrant
- September 20, 2024 (date) — Date of earliest event reported
- 8.625% Series A Cumulative Perpetual Preferred Stock (stock) — Preferred stock mentioned
- 8.375% Series B Cumulative Perpetual Preferred Stock (stock) — Preferred stock mentioned
- Series C Cumulative Perpetual Preferred Stock (stock) — Newly issued preferred stock
FAQ
What is the par value of the Series C Cumulative Perpetual Preferred Stock?
The filing mentions Series C Cumulative Perpetual Preferred Stock but does not explicitly state its par value in the provided text.
What is the dividend rate for the Series C Cumulative Perpetual Preferred Stock?
The filing does not specify the dividend rate for the Series C Cumulative Perpetual Preferred Stock in the provided text.
What is the total number of shares of common stock issued and outstanding as of September 20, 2024?
The filing indicates 'us-gaap:CommonStockMember' for September 20, 2024, but the exact number of shares is not provided in this excerpt.
What is the purpose of the 'Other Events' and 'Financial Statements and Exhibits' items reported in this 8-K?
These items indicate that the filing includes significant corporate events and accompanying financial documentation or exhibits, such as details on stock issuances.
When was XOMA Royalty Corporation formerly known as XOMA Corp /DE/?
The date of name change from XOMA Corp /DE/ to XOMA Royalty Corporation was not provided in the excerpt, only that it was a former company name.
Filing Stats: 561 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-09-23 06:35:31
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
- $5 million — nounced it had paid LadRx Corporation a $5 million upfront payment plus a share of future
- $52.6 million — rimoclomol's commercial sales and up to $52.6 million (net) in potential milestone payments f
Filing Documents
- d836129d8k.htm (8-K) — 28KB
- d836129dex991.htm (EX-99.1) — 11KB
- g836129g0923082001143.jpg (GRAPHIC) — 6KB
- 0001193125-24-223242.txt ( ) — 218KB
- xoma-20240920.xsd (EX-101.SCH) — 4KB
- xoma-20240920_def.xml (EX-101.DEF) — 14KB
- xoma-20240920_lab.xml (EX-101.LAB) — 24KB
- xoma-20240920_pre.xml (EX-101.PRE) — 15KB
- d836129d8k_htm.xml (XML) — 8KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits . Number Description of Document 99.1 Press release, dated September 23, 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: September 23, 2024 By: /s/ Thomas Burns Thomas Burns Senior Vice President, Finance and Chief Financial Officer