Company: WHWK
Filing Date: 2025-01-21
Form Type: PREM14A
Source: 0001193125-25-009599
Chunk: 80

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-01-21
Form: PREM14A
Chunk 80
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., Ltd. (“Nomura”), financial advisor to Kaken Parent, contacted representatives of
Leerink Partners to express interest in FYARRO on behalf of Kaken Parent.

On October 3, 2024, Aadi’s board of directors held a virtual meeting,
with members of Aadi’s management team and representatives of Leerink Partners and Wilson Sonsini in attendance. At the meeting, representatives of Leerink Partners reviewed each of the non-binding
indications of interest received to date, discussing for each bidder the valuation and nature of consideration offered, due diligence and execution timing, background and strategic rationale, and other considerations. Following discussion of the
indications of interest and next steps, including messaging for each bidder, Aadi’s board of directors instructed Leerink Partners to distribute a second-round process letter to the bidder group.

On October 4, 2024, representatives of Aadi, Bidder B and Leerink Partners met via videoconference to discuss Bidder B’s financial and supply chain
due diligence questions.

On October 4, 2024, representatives of Aadi, Leerink Partners, Wilson Sonsini, Bidder B and Bidder B’s legal counsel
met via videoconference to discuss transaction structure, particularly Bidder B’s preference to structure the acquisition of FYARRO as an asset purchase.

On October 4, 2024, Bidder E informed representatives of Leerink Partners via telephone and email that Bidder E’s best offer would be
$55 million, comprised entirely of cash at closing, to purchase the FYARRO assets.

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On October 4, 2024, representatives of Nomura confirmed to representatives of Leerink Partners that
Kaken was interested in entering the bid process for FYARRO, despite its understanding that it was a late entrant. On October 7, 2024, at the direction of Aadi, representatives of Leerink Partners shared the first-round process letter with
representatives of Nomura.

On October 8, 2024, following a request for feedback on Bidder C’s most recent proposal, representatives of Leerink
Partners informed representatives of Bidder C’s financial advisor that Bidder C must improve the upfront consideration in its revised non-binding indication of interest to be competitive.

On October 9, 2024, representatives of Aadi, Bidder B and Leerink Partners met via videoconference to discuss Bidder B’s due diligence questions and
requests, as well as certain proposed closing conditions