Company: WHWK
Filing Date: 2025-01-21
Form Type: PREM14A
Source: 0001193125-25-009599
Chunk: 71

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-01-21
Form: PREM14A
Chunk 71
---
 the transactions contemplated by the Divestiture Agreement.

Effects of the Divestiture

On the terms and subject to the conditions set forth in the Divestiture Agreement, at the completion of the Divestiture, (1) Aadi will sell, assign,
transfer, convey and deliver 100% of the issued and outstanding shares of Aadi Sub’s capital stock (all of which are owned beneficially and of record by Aadi) to Kaken, and (2) Kaken will purchase 100% of the issued and outstanding shares
of Aadi Sub’s capital stock from Aadi.

Effect on Aadi if the Divestiture is Not Completed

If the Divestiture Agreement is not approved by our stockholders, or if the Divestiture is not completed for any other reason, Aadi will not receive payment
for its shares of Aadi Sub’s capital stock in connection with the Divestiture. Instead, (1) Aadi Sub will remain a wholly owned subsidiary of Aadi, (2) Aadi will remain the sole owner of capital stock of Aadi Sub, and (3) Aadi
will continue to file periodic reports with the SEC including Aadi Sub. In addition, if the Divestiture is not completed, we expect that: (A) our management will continue to operate the FYARRO Business as it is currently being operated, and
(B) our stockholders will continue to be subject to the same risks and opportunities to which they are currently subject.

- 47 -

Furthermore, if the Divestiture is not completed, and depending on the circumstances that cause the
Divestiture not to be completed, the price of our common stock may decline significantly.

Accordingly, there can be no assurance as to the effect of the
Divestiture not being completed on the future value of your shares of our common stock. If the Divestiture is not completed, Aadi’s board of directors will continue to evaluate and review, among other things, Aadi and Aadi Sub’s business,
operations, strategic direction and capitalization, and will make whatever changes it deems appropriate. If the Divestiture Agreement is not approved by our stockholders or if the Divestiture is not completed for any other reason, the business,
prospects or results of operation of Aadi and Aadi sub may be adversely impacted.

In specified circumstances in which the Divestiture is not completed
and the Divestiture Agreement is terminated, Aadi has agreed to pay