Company: PHR
Filing Date: 2025-09-04
Form Type: 8-K
Source: 0001412408-25-000058
Chunk: 4

Company: Phreesia, Inc.
Filing Date: 2025-09-04
Form: 8-K
Item: Item 1.01
Chunk 4
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 other party breaches its covenants, representations or warranties and such breach or failure to perform would result in the failure of a closing condition in favor of the other party, in each case, subject to a cure period set forth in the Merger Agreement. In addition, the Merger Agreement may be terminated by the Company if at any time prior to the Outside Date, the Debt Financing Sources (as defined in the Merger Agreement) have not consummated the financing, as contemplated by the Debt Commitment Letter (as defined in the Merger Agreement) or have informed the Company that they do not intend to consummate the financing and the Company is unable to secure any Alternative Financing (as defined in the Merger Agreement). The Merger Agreement further provides that, upon termination of the Merger Agreement under certain specified circumstances, the Company will be required to pay AccessOne, as the sole and exclusive remedy, a cash termination fee, including in the case of termination by the Company as a result of the financing contemplated by the Merger Agreement not being consummated (unless due to breach by AccessOne, its equityholders or the Representative), or in the case of termination by the Representative, if the Company willfully fails to consummate the closing of the transactions contemplated by the Merger Agreement when the Company is obligated to do so.

Financing Commitment. In connection with, and concurrently with entry into, the Merger Agreement, Phreesia entered into a debt commitment letter which provides for a new senior secured bridge loan facility, subject to the satisfaction of certain conditions.

Support and Joinder Agreement

Concurrently with the execution and delivery of the Merger Agreement, and as a condition to Closing of the transactions contemplated thereby, certain holders who collectively represent at least 92% of the issued and outstanding Shares have entered into Support and Joinder Agreements (each, a “ Support and Joinder Agreement”), dated August 29, 2025, with the Company and AccessOne. Pursuant to the Support Agreements, such holders have agreed, among other things, to vote all Securities (as defined therein) entitled to be voted (i) against any amendment to the governing documents of AccessOne, (ii) in favor of the Merger, the Transaction Documents (as defined in the Merger Agreement) and the other transactions contemplated thereunder, (iii) against any proposal, amendment or matter or agreement that would impede or prevent the Merger Agreement, the Merger, any of the other transactions contemplated under the Merger Agreement