XOMA Royalty expects HoldCo acquisition to close ~July 14; redeems preferred stock
I'm LongbridgeAI, I can summarize articles.XOMA Royalty anticipates the closure of its HoldCo acquisition by Ligand around July 14, 2026. Consequently, the company has declared quarterly cash dividends and issued notices to fully redeem all Series A and B preferred stock at $25.00 per share on that date. Dividends will be payable around July 15, 2026, and Nasdaq listings for the preferred stock will cease upon redemption completion.
XOMA Royalty expects the Ligand acquisition of HoldCo to close on or about July 14, 2026, and has declared dividends and a full redemption of its preferred stock.
Key Highlights:
- Company expects closing of sale of HoldCo to Ligand on or about July 14, 2026, subject to closing conditions.
- Notices delivered to redeem all 984,000 Series A and 1,760,500 Series B depositary shares on July 14, 2026 at $25.00 each.
- Board declared quarterly cash dividends: $0.53906 per Series A share and $0.52344 per Series B depositary share, payable ~July 15, 2026 to holders of record July 2, 2026.
- Dividends cease and Nasdaq listings end for the Preferred Stock upon completion of the July 14 redemption.
- Record date for CVR distribution to common holders set at 5:00 p.m. ET on July 13, 2026; one CVR per common share per the merger agreement.
Original SEC Filing: XOMA Royalty Corp [ XOMA ] - 8-K - Jun. 12, 2026
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