Company: WHWK
Filing Date: 2025-01-21
Form Type: PREM14A
Source: 0001193125-25-009599
Chunk: 75

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-01-21
Form: PREM14A
Chunk 75
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 process letter that would be delivered to
counterparties, and representatives of Wilson Sonsini summarized the fiduciary duties of Aadi’s board of directors related to such process. Following discussion, Aadi’s board of directors authorized Leerink Partners, on behalf of Aadi, to
initiate a formal process to sell FYARRO and to distribute a process letter to potential counterparties. In an effort to retain flexibility and maximize potential value to Aadi stockholders, Aadi determined that any outreach process would not be
proscriptive as to the precise form of transaction structure pursuant to which FYARRO might be acquired: an asset or subsidiary divestiture, a sale of the whole company (i.e., a transaction under which all of the equity of Aadi (the Nasdaq-listed
public company) would be sold), or otherwise.

On August 21, 2024, representatives of Bidder C contacted representatives of Leerink Partners to
convey initial interest in the FYARRO commercial business and to schedule a management meeting.

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On August 22, 2024, representatives of Aadi and Bidder D met via videoconference to discuss the FYARRO
commercial business and Bidder D’s questions arising from its due diligence review. On that same day, representatives of Aadi and Bidder A met via videoconference to discuss the FYARRO commercial business and Bidder A’s interest in
proceeding with a potential acquisition of the FYARRO commercial business.

On August 22, 2024, at the direction of Aadi, representatives of Leerink
Partners sent a process letter on behalf of Aadi to nine companies (all of which had either attended a management presentation or were in the process of scheduling one), seeking preliminary, non-binding
indications of interest for a potential transaction. The process letter instructed that all such indications of interest be submitted by September 11, 2024. Between August 26, 2024, and October 2, 2024, at the direction of Aadi,
representatives of Leerink Partners sent process letters to an additional five interested parties.

On August 26, 2024, representatives of Leerink
Partners and Bidder G met via videoconference to discuss Bidder G’s interest in the FYARRO commercial business.

On August 28, August 29
and September 3, 2024, Bidder E, Bidder A and Bidder G, respectively, signed nond