 EMERYVILLE, Calif., Dec. 21, 2020 GLOBE NEWSWIRE -- XOMA Corporation Nasdaq: XOMA XOMA or the Company today announced the closing of its previously announced underwritten registered public offering of 984,000 shares, which includes the underwriters option to purchase additional 104,000 shares of its 8.625 Series A Cumulative Perpetual Preferred Stock, with liquidation preference of 25.00 per share the Preferred Stock, at an initial public offering price of 25.00 per share. The offering resulted in net proceeds of approximately 23.4 million after deducting underwriting discounts and commissions, but before deducting expenses and the structuring fee. The Company expects to use the net proceeds of this offering to fund the segregated dividend account and the remaining net proceeds for general corporate purposes, including funding future acquisitions of milestone and royalty rights associated with drug development programs with third-party funding. Shares of the Preferred Stock are trading on Nasdaq under the symbol XOMAP. 