Company: WHWK
Filing Date: 2025-01-21
Form Type: PREM14A
Source: 0001193125-25-009599
Chunk: 94

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-01-21
Form: PREM14A
Chunk 94
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Agreements and Restrictive Covenants Agreements. A press release regarding the execution of the Divestiture Agreement and related matters was issued after the close of market that same day. Aadi filed a current report on Form 8-K with the SEC announcing the execution of the Divestiture Agreement and related matters on December 20, 2024 before market open.

Reasons for the Divestiture and Recommendation of the Aadi Board of Directors

Recommendation of Aadi’s Board of Directors

After considering the various factors described below, Aadi’s board of directors unanimously: (i) determined that it is expedient and in the best
interests of Aadi and its stockholders, and advisable, fair to and in the best interests of Aadi and its stockholders, to enter into the Divestiture Agreement and related agreements providing for the Divestiture, in accordance with the Delaware
General Corporation Law and upon the terms and subject to the conditions set forth in the Divestiture Agreement; (ii) approved, adopted and declared advisable the Divestiture Agreement and related agreements and the Divestiture;
(iii) recommended that Aadi’s stockholders vote in favor of the approval of the Divestiture Agreement and related agreements and approve the Divestiture; and (iv) directed that the Divestiture Agreement and related agreements and the
Divestiture be submitted to a vote of Aadi’s stockholders.

The Aadi board of directors unanimously recommends that you vote (i) “FOR” the Divestiture Proposal and (ii) “FOR” the Adjournment Proposal.

Reasons for the Aadi Board of Directors’ Recommendation in Favor of the Divestiture

Aadi’s board of directors, at a meeting held on December 19, 2024, unanimously determined that it is expedient and
in the best interests of Aadi and its stockholders, and advisable, fair to, and in the best interests of, Aadi and its stockholders, to enter into the Divestiture Agreement and approved, adopted and declared advisable the Divestiture Agreement and
the Divestiture and the other transactions contemplated by the Divestiture Agreement. Aadi’s board of directors also unanimously resolved that the Divestiture Agreement be submitted for consideration by Aadi’s stockholders at a special
meeting of stockholders and recommended that Aadi’s stockholders vote to approve the Divestiture Agreement and the Divestiture Agreement. In reaching the foregoing determinations and recommendation,