XOMA Royalty preferred shares delisted from Nasdaq

XOMA Royalty Corp is removing a class of its securities from Nasdaq listing and registration under Section 12(b) of the Securities Exchange Act of 1934.

Accepted by SEC EDGAR 07/16/2026 - 08:31 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

XOMA Royalty Corp is removing a class of its securities from Nasdaq listing and registration under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq filed Form 25 covering depositary shares representing the company’s Series B 8.375% cumulative preferred stock and 8.625% Series A cumulative perpetual preferred stock.

The filing states that Nasdaq has complied with its rules to strike this class from listing and that the issuer has complied with the exchange’s rules and the requirements of 17 CFR 240.12d2-2(c) governing voluntary withdrawal of the class from listing and registration.

Key Figures

Series B dividend rate: 8.375% Series A dividend rate: 8.625% Exchange Act section: Section 12(b)

3 metrics

Series B dividend rate 8.375% Dividend rate on Series B cumulative preferred stock represented by depositary shares

Series A dividend rate 8.625% Dividend rate on Series A cumulative perpetual preferred stock represented by depositary shares

Exchange Act section Section 12(b) Statutory basis for removal from listing and registration via Form 25

Key Terms

Form 25, Section 12(b), cumulative preferred stock, voluntary withdrawal, +1 more

5 terms

Form 25 regulatory

"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"

A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.

Section 12(b) regulatory

"REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES"

Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.

cumulative preferred stock financial

"Dep Shs Rep Series B 8.375% Cumulative Pfd Stk & 8.625% Ser A Cumulative"

Cumulative preferred stock is a type of share that pays fixed dividends and creates an obligation for the company to repay any missed dividend payments later; if the firm skips a dividend, those unpaid amounts build up like an IOU and must be paid to these shareholders before common shareholders receive dividends. Investors care because it offers steadier income and higher priority in the payout order, making it less risky than common stock but still subject to company solvency and interest-rate shifts.

voluntary withdrawal regulatory

"governing the voluntary withdrawal of the class of securities from listing"

Nasdaq Stock Market LLC market

"Issuer: | XOMA Royalty Corp Exchange: | Nasdaq Stock Market LLC"

Nasdaq Stock Market LLC is the company that operates the Nasdaq electronic stock exchange, a large centralized marketplace where shares of publicly traded companies are listed and bought and sold. Think of it as a high-speed digital auction house and storefront combined: being listed there gives a company visibility and easier access to many buyers, while investors benefit from transparent prices, fast trades and regulated rules that help protect fair trading.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does XOMA (XOMA) report in this Form 25 filing?

XOMA Royalty Corp reports that Nasdaq filed Form 25 to remove from listing and registration a class of its depositary shares representing Series B 8.375% cumulative and Series A 8.625% cumulative perpetual preferred stock under Section 12(b) of the Exchange Act.

Which XOMA (XOMA) securities are being delisted from Nasdaq?

The affected securities are depositary shares representing Series B 8.375% cumulative preferred stock and 8.625% Series A cumulative perpetual preferred stock of XOMA Royalty Corp, which are being removed from Nasdaq listing and registration via Form 25.

Who filed the Form 25 for XOMA Royalty Corp (XOMA)?

Nasdaq Stock Market LLC filed the Form 25 for XOMA Royalty Corp. Nasdaq certifies it has reasonable grounds to believe it meets all requirements for filing Form 25 and that it has complied with its own rules for striking the securities from listing.

Is the XOMA (XOMA) delisting described as voluntary by the issuer?

The filing notes that the issuer has complied with exchange rules and 17 CFR 240.12d2-2(c), which governs voluntary withdrawal of a class of securities from listing and registration, indicating the issuer followed the process applicable to voluntary withdrawal.

Under which regulations is XOMA (XOMA) removing these securities?

The removal is described under Section 12(b) of the Securities Exchange Act of 1934 and 17 CFR 240.12d2-2, including subsection (b) for exchange actions and subsection (c) for issuer compliance in voluntary withdrawal of the securities from listing and registration.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

UNITED STATES

OMB APPROVAL

OMB Number:			3235-0080
Expires:	March 31, 2018
Estimated average burden
hours per response:			1.7

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-39801

Issuer:	XOMA Royalty Corp
Exchange:	Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	2200 Powell St, Suite 310
	Emeryville	CALIFORNIA	94608
Telephone number:					510-204-7239

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Dep Shs Rep Series B 8.375% Cumulative Pfd Stk & 8.625% Ser A Cumulative Perpetual Pfd Stk

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2026-07-16	By	Jennifer Fainer		CDO Analyst
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.