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Tuesday, June 23, 2026

Equity Corporate Actions Alert #2026 - 430
(UPDATED: Merger closed) Information Regarding the Merger of XOMA Royalty Corporation (XOMA/O/P)

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  • Industry Announcement

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At a special meeting held on July 13, 2026, the shareholders of XOMA Royalty Corporation (XOMA/XOMAO/XOMAP) approved the merger with Ligand Pharmaceuticals Incorporated (LGND). The merger closed prior to the market open on July 14, 2026. In anticipation of the closing, the stocks were halted immediately following the after-hours session at or around 7:50 p.m. on July 13, 2026. The stocks will remain halted on the day of closing (July 14th) and will be suspended effective July 15, 2026.

Further, pre-merger shareholders of XOMA Royalty Corporation Common Stock (XOMA) of record on July 13, 2026 will receive one (1) non-transferable Contingent Value Right (CVR) for each share held, payable on July 14, 2026. The CVR distribution will not be quoted EX.

The details are as follows:

Company Name/Issue: XOMA Royalty Corporation Common Stock
CUSIP#: 98419J206
Symbol: XOMA
Last Trading Date: July 13, 2026
Marketplace Effective Date for Suspension: July 15, 2026
Merger Consideration: $39.00 for each share held.

Company Name/Issue: XOMA Royalty Corporation Depositary Shares Rep Series B 8.375% Cumulative Preferred Stock
CUSIP#: 98419J404
Symbol: XOMAO
Last Trading Date: July 13, 2026
Marketplace Effective Date for Suspension: July 15, 2026
Mandatory Redemption due to Completion of Merger: $25.00 for each depositary share held.

Company Name/Issue: XOMA Royalty Corporation 8.625% Series A Cumulative Perpetual Preferred Stock
CUSIP#: 98419J305
Symbol: XOMAP
Last Trading Date: July 13, 2026
Marketplace Effective Date for Suspension: July 15, 2026
Mandatory Redemption due to Completion of Merger: $25.00 for each preferred share held.

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