Company: WHWK
Filing Date: 2025-01-21
Form Type: PREM14A
Source: 0001193125-25-009599
Chunk: 78

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-01-21
Form: PREM14A
Chunk 78
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Partners delivered such feedback to the bidders.

On September 19, 2024, representatives of Aadi’s management team, Leerink Partners and Bidder
B met via videoconference to discuss financial due diligence questions.

On September 19, 2024, Bidder G submitted a
non-binding indication of interest to acquire the FYARRO assets for: (i) a cash payment of $25.0 million at closing; (ii) five potential one-time
milestone cash payments of up to $85.0 million in the aggregate, contingent upon the achievement of certain regulatory milestones in various indications; (iii) six potential one-time cash milestone
payments of up to $117.5 million in the aggregate, contingent upon the achievement of certain commercial sales milestones; and (iv) certain ongoing royalty payments.

On September 20, 2024, Bidder E submitted a non-binding indication of interest to acquire the FYARRO assets for
cash consideration at closing of $50 million (formalizing the prior email communication sent on September 12).

On September 20, 2024, Bidder A
submitted a revised non-binding indication of interest to acquire Aadi, in a transaction structured as a sale of the whole company, for the following consideration: (i) $3.11 per share on a fully diluted
basis, an implied premium of 70% over the closing price on September 19, 2024 ($1.83); and (ii) a contingent value right that would pay up to an additional $20.0 million in the aggregate, contingent upon the achievement of certain
commercial milestones.

On September 20, 2024, representatives of Aadi, Leerink Partners, Wilson Sonsini, Bidder B and Bidder B’s outside legal
counsel met via videoconference to discuss legal and tax due diligence questions, and discussed the optimal structure of a transaction for each party. During the week of September 23, 2024, representatives of Aadi and Bidder B held several
additional videoconference meetings to discuss technical, corporate, tax and legal due diligence questions.

On September 23, 2024, representatives
of Leerink Partners and Bidder C met via videoconference to discuss certain due diligence questions to which Bidder C required answers before it could submit a revised proposal. Over the following week, Aadi’s management team and
representatives of Leerink Partners responded to such questions.

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On September 25,