{
  "ticker": "XOMA",
  "company": "XOMA Royalty Corporation",
  "cik": "0000791908",
  "exchange": null,
  "gics_sector": "Health Care",
  "industry": "Health Care",
  "logo_url": "https://www.google.com/s2/favicons?domain=xoma.com&sz=128",
  "from_state": "DE",
  "to_state": "NV",
  "effective_date_iso": "2025-05-30",
  "actual_effective_date_iso": "2025-05-30",
  "proposed_effective_date_iso": null,
  "source_confidence": "VERIFIED_VOTE",
  "is_legal_precedent": 0,
  "vote_mechanism": "MEETING",
  "approval_basis": "For \u00f7 outstanding voting power (DGCL \u00a7266 conversion)",
  "threshold_result": "PASSED",
  "event_type": "REINCORPORATION",
  "two_attempt_flag": 0,
  "prior_failed_vote_flag": 0,
  "governance_concession_redo_flag": 0,
  "subsequent_event_flag": 0,
  "subsequent_event_type": null,
  "subsequent_event_date_iso": null,
  "subsequent_event_note": null,
  "public_tier": "VERIFIED_TRACKER",
  "event_study_announcement_json": "{\"event_date\":\"2025-04-04\",\"event_tag\":\"announcement\",\"estimation_window\":\"2024-04-19 to 2025-04-03 (240 days)\",\"specifications\":[{\"name\":\"Synthetic control (20-donor Health Care peer pool)\",\"day0_ar\":0.029908717233990224,\"p_value\":null,\"p_label\":\"no inference (point estimate)\",\"extra\":{\"pre_rmspe\":0.0313835149987807,\"n_donors\":20,\"top_weights\":{\"MDT\":0.2925,\"UNH\":0.2618,\"GILD\":0.1947,\"REGN\":0.0853,\"ISRG\":0.065},\"r2_pre\":-0.5305410496067708}},{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":0.040388611140523334,\"p_value\":0.24380297248313165,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":-0.0007493379518332574,\"beta\":0.9961362444830881,\"r2\":0.07797810293773932}},{\"name\":\"Sector-augmented model (SPY + Biotech ETF (XBI))\",\"day0_ar\":0.04035349173929153,\"p_value\":0.1984204490005257,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":-0.00045498494705048097,\"beta_mkt\":0.4635282104281302,\"beta_sector\":0.5483681878474278,\"r2\":0.11893322090472425},\"is_headline\":true},{\"name\":\"Matched pair (vs MDT, market-model-adjusted)\",\"day0_ar\":0.08527134984889308,\"p_value\":0.01313495505945772,\"p_label\":\"two-sided p-value\",\"extra\":{\"se\":0.03438237333672509,\"t\":2.4800891146688695}},{\"name\":\"Raw differential vs MDT\",\"day0_ar\":0.03832568941049597,\"p_value\":null,\"p_label\":\"no inference\",\"extra\":{}}],\"robustness\":{\"pretrend_test\":{\"slope_pct_per_day\":-0.003805434543657774,\"p_slope\":0.21933980704029943,\"verdict\":\"no_pretrend_detected\"},\"sign_test\":{\"n_same_direction\":20,\"n_total\":20,\"binomial_p_two_sided\":1.9073486328125e-06},\"synth_fit\":{\"pearson_corr\":0.19410281623203463,\"r_squared_levels\":-0.5305410496067708,\"durbin_watson\":2.362330020760076}},\"per_window\":[],\"_source\":\"Source A: phase4v cohort runner (5 specs + robustness, 2026-04-28 yfinance pull); joined into data.json by phase5z_join_full_battery.py\",\"event_kind\":\"announcement\",\"t0_source_field\":\"announcement_date_iso\"}",
  "announcement_date_iso": "2025-04-04",
  "meeting_date_iso": "2025-05-28",
  "vote_result": "APPROVED",
  "status_label": "COMPLETED",
  "market_cap_usdmm": 232.0,
  "bucket_class": "B2",
  "public_bucket_code": "C",
  "public_bucket_label": "Post-SB29 DExit completed (Nevada)",
  "public_bucket_subcode": "C-NV",
  "panel_eligibility": "PANEL_A_post_SB29",
  "transaction_status": "COMPLETED",
  "audit_status": "VERIFIED",
  "audit_notes": "Phase 3F: cleared future meeting_date_iso=2026-05-21 \u2014 firm already moved (eff_date=2025-09-26); the future date was the next annual meeting at the new domicile, not the reincorporation vote. | Phase 3F vote-result inferred APPROVED from status=COMPLETED + populated eff date (2025-09-26). Original vote_result was 'SCHEDULED'. Verify with 8-K if uncertain. | [2026-04-28] Phase 4I: replaced Google-search IR fallback with direct URL https://www.xoma.com/investors | [2026-04-28] Phase 4K: corrected year error (announcement 2026-03-19 -> 2025-04-04). Annual meeting 2025-05-21 adjourned to 2025-05-28; eff 2025-05-30 via certificate of conversion. Source: 8-K 2025-08-13 (acc 0001193125-25-179446). | [2026-04-28] Phase 4N: synthesized event_study_announcement_json from existing scalar CAR cells (phase4a_v2 join). Reviewer can extend with multi-spec analysis. | [2026-04-28] Phase 4T (v3.32 reviewer follow-up): cleared audit_status PENDING_TRANSACTION -> VERIFIED. 8-K accession 0001193125-25-179446 (filed 2025-08-13) populated; documents reincorporation effective 2025-05-30 per 8-K Item 5.03.\n[2026-04-29] phase5r: bucket 'D' -> 'B2' (DE->NV effective 2025-05-30 >= SB29 -> bucket B2)\n[2026-04-29] phase5w: comprehensive validation by external reviewer across tranches v3 (4-version full residual walk, 269 substantive answers across 52 firms, 0 bucket drifts vs v3.58) | [2026-04-29] v3.75: PINCITE-VERIFIED via 8-K \u2014 XOMA Royalty. Annual meeting May 21, 2025 (adjourned to May 28, 2025). Item 5.07 tally: 2,956,575 for / 73,597 against / 20,134 abstain / 1,089,301 broker non-votes (97% of votes cast). Effective May 30, 2025. DGCL \u00a7266 conversion to Nevada.",
  "edgar_accession": "0001193125-25-179446",
  "edgar_accession_note": null,
  "links": [
    {
      "label": "IR",
      "url": "https://www.xoma.com/investors",
      "link_type": "ir"
    },
    {
      "label": "EDGAR",
      "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000791908&type=&dateb=&owner=include&count=40",
      "link_type": "search"
    },
    {
      "label": "Proxy",
      "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000791908&type=DEF+14A&dateb=&owner=include&count=40",
      "link_type": "search"
    }
  ],
  "car": {
    "value": 0.1204626821773259,
    "significant_5pct": 0,
    "specification": "panel_A_pooled_3primary",
    "source": "05_REVIEWER_AUDIT_PACKAGE/code/panelA_CAR_BHAR_matrix_v2.3.csv",
    "status": "ESTIMATED",
    "pooled_3primary": 0.1204626821773259,
    "t0_a": 0.1256754770511891,
    "t0_b": 0.02106741251728612,
    "t0_c": -0.02628020739114934,
    "announce": {
      "value": 0.1256754770511891,
      "pvalue": null,
      "specification": "panel_A_T0_announcement",
      "event_date": null
    },
    "vote": {
      "value": 0.02106741251728612,
      "pvalue": null,
      "specification": "panel_A_T0_vote",
      "event_date": null
    }
  },
  "votes_for": null,
  "votes_against": null,
  "votes_abstain": null,
  "votes_broker_nonvote": null,
  "approval_pct": null,
  "votes_for_disinterested": null,
  "votes_against_disinterested": null,
  "votes_abstain_disinterested": null,
  "votes_broker_nonvote_disinterested": null,
  "approval_pct_disinterested": null,
  "approval_basis_disinterested": null,
  "announcement_PRE_14A_accession": null,
  "announcement_PRE_14A_url": null,
  "vote_source_8k_accession": "0001193125-25-179446",
  "vote_source_8k_url": "https://www.sec.gov/Archives/edgar/data/791908/000119312525179446/",
  "vote_proposal_title": null,
  "meeting_type": null,
  "approval_standard": "majority of the voting power of the outstanding stock entitled to vote (DGCL \u00a7266 conversion)",
  "companion_proposal": null,
  "proxy_advisors": null,
  "management_response": null,
  "press_coverage": [],
  "prior_vote": null,
  "panel_a_tx_incumbent": 0,
  "panel_b_dexit_mover": 1,
  "texas_statutory_adoptions": {
    "tboc_21_552": {
      "name": "SB 29 \u2014 TBOC \u00a721.552 derivative threshold",
      "adopted": 0,
      "source": null,
      "url": null,
      "date": null
    },
    "tboc_21_373": {
      "name": "SB 1057 \u2014 TBOC \u00a721.373 shareholder-proposal threshold",
      "adopted": null,
      "source": null,
      "url": null,
      "date": null
    }
  },
  "event_study_outcome_json": "{\"event_date\":\"2025-05-30\",\"event_kind\":\"outcome\",\"event_tag\":\"outcome\",\"t0_source_field\":\"actual_effective_date_iso\",\"estimation_window\":\"trailing 240 days; 240 valid after NaN drop\",\"specifications\":[{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":-0.028242545234116196,\"p_value\":0.379480598067252,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":0.00021053512520069495,\"beta\":0.8829923923568656,\"r2\":0.11566209378320136,\"sigma\":0.0320679105905403},\"is_headline\":true}],\"_meta\":{\"n_valid_pre_days\":240},\"_source\":\"Source B: phase4v3 NaN-safe runner (outcome/vote window, 2026-04-29 yfinance pull); joined by phase5z_join_full_battery.py\"}",
  "announcement_source_type": null,
  "announcement_accession_verified": "N",
  "date_quality_flag": "LOW",
  "controlled": null,
  "controller_pct_voting_power": null,
  "controller": null,
  "controller_source": "UNKNOWN",
  "event_study_longrun_json": "{\"event_kind\":\"longrun\",\"event_date\":\"2025-05-30\",\"t0_source_field\":\"actual_effective_date_iso\",\"horizons\":[{\"label\":\"BHAR_21d\",\"lay_label\":\"1 month\",\"horizon_days\":21,\"n_days_available\":21,\"bhar_vs_spy\":0.01276663810744827,\"bhar_vs_sector\":0.0282076367242996,\"sector_etf\":\"XLV\",\"patell\":{\"car\":0.029888139679692623,\"z\":0.20760208761607324,\"p_value\":0.8355396741976424,\"n\":21}},{\"label\":\"BHAR_63d\",\"lay_label\":\"3 months\",\"horizon_days\":63,\"n_days_available\":63,\"bhar_vs_spy\":0.21371732244679187,\"bhar_vs_sector\":0.2703304433882736,\"sector_etf\":\"XLV\",\"patell\":{\"car\":0.22357365305501625,\"z\":0.8965878056983645,\"p_value\":0.3699389074092536,\"n\":63}},{\"label\":\"BHAR_126d\",\"lay_label\":\"6 months\",\"horizon_days\":126,\"n_days_available\":126,\"bhar_vs_spy\":0.13151878437487619,\"bhar_vs_sector\":0.09796661604931689,\"sector_etf\":\"XLV\",\"patell\":{\"car\":0.19369951118197043,\"z\":0.549269813271642,\"p_value\":0.5828203002152108,\"n\":126}},{\"label\":\"BHAR_252d\",\"lay_label\":\"12 months\",\"horizon_days\":252,\"n_days_available\":230,\"bhar_vs_spy\":null,\"bhar_vs_sector\":null,\"sector_etf\":\"XLV\",\"patell\":null}],\"calendar_time_alpha\":{\"vs_spy\":{\"alpha_daily\":0.0011269725245034964,\"alpha_annualized\":0.3282166367784103,\"t_stat\":0.5724149558251452,\"p_value\":0.567040886027611,\"n_days\":230,\"se_type\":\"Newey-West HAC, lag=5\"},\"vs_sector\":{\"alpha_daily\":0.0017464151653150352,\"alpha_annualized\":0.5522613027972274,\"t_stat\":0.8575150635147145,\"p_value\":0.3911602934607584,\"n_days\":230,\"se_type\":\"Newey-West HAC, lag=5\"}},\"estimation_window\":\"trailing 240 days; market-model alpha+beta for Patell-z baseline\",\"_meta\":{\"n_post_days_available\":230,\"elapsed_days\":335,\"as_of\":\"2026-04-30\"},\"_source\":\"phase5z_compute_longrun.py; yfinance pull at run time\"}",
  "_evidence_strength": {
    "badge": "SILVER",
    "score": 70,
    "max": 100,
    "components": {
      "source_confidence": 25,
      "vote_totals": 0,
      "effective_date": 20,
      "car_estimate": 10,
      "edgar_accession": 15
    }
  },
  "_context_callout": "Standard cohort firm (Completed). Included for breadth across destinations and sectors.",
  "_generated_at": "2026-04-30"
}