Company: PHR
Filing Date: 2025-09-04
Form Type: 8-K
Source: 0001412408-25-000058
Chunk: 0

Company: Phreesia, Inc.
Filing Date: 2025-09-04
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement.

Agreement and Plan of Merger

On August 29, 2025, Phreesia, Inc., a Delaware corporation (the “ Company”), entered into an Agreement and Plan of Merger (the “ Merger Agreement”) with Ace Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“ Merger Sub”), AccessOne Parent Holdings, Inc., a Delaware corporation (“ AccessOne”), and a representative of AccessOne's equityholders (the “ Representative”), pursuant to which, upon the terms and subject to the conditions set forth therein, Merger Sub shall merge with and into AccessOne, with AccessOne continuing as the surviving corporation (the “ Surviving Corporation”) and becoming a wholly owned subsidiary of the Company (the “ Merger”).

Merger Consideration. Pursuant to the Merger Agreement, at the effective time of the Merger (the “ Effective Time”), each share of preferred stock, par value $0.0001 per share of AccessOne (each, a “ Preferred Share”) and each share of common stock, par value $0.0001 per share of AccessOne (each, a “ Common Share” and together with the Preferred Share, a “ Share”), issued and outstanding as of immediately prior to the Effective Time (other than (i) any Shares held by AccessOne as treasury stock, (ii) any Shares held by AccessOne’s subsidiaries, (iii) any Shares held by the Company, Merger Sub or their respective subsidiaries and affiliates, and (iv) any Shares held by holders who have appraisal rights that have been properly exercised, and not subsequently withdrawn, lost or failed to be perfected) will automatically be cancelled and converted into the right to receive cash equal to a portion of the Closing Merger Consideration and any additional Merger consideration provided for under the Merger Agreement (the “ Additional Merger Consideration”), provided, however, that no holder of Shares is entitled to receive a portion of the Closing Merger Consideration and any Additional Merger Consideration unless such holder executes and delivers to the Company a Support Agreement (as defined below) and a Letter of Transmittal. Closing Merger Consideration shall mean $160 million, subject to adjustments pursuant to the terms and conditions of the Merger Agreement.

Treatment of Equity Awards and Warrants. At the Effective Time: (i) each option to purchase Common Shares granted under the Company’s equity plans (each, an “ Option”)