Company: PHR
Filing Date: 2025-11-12
Form Type: 8-K
Source: 0001412408-25-000114
Chunk: 3

Company: Phreesia, Inc.
Filing Date: 2025-11-12
Form: 8-K
Item: Item 2.01
Chunk 3
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Item 2.01 Completion of Acquisition or Disposition of Assets.

The description of the AccessOne Acquisition set forth under "Introductory Note" above is incorporated by reference into this Item 2.01.

In accordance with the Merger Agreement, AccessOne's equityholders received consideration transferred of approximately $163 million in cash, subject to certain customary purchase price adjustments set forth in the Merger Agreement. The purchase price was funded by approximately (i) $107 million of net proceeds from the Bridge Loan, net of $3 million of debt issuance costs and original issue discount, (ii) $50 million of cash from the Company's balance sheet and (iii) $6 million of cash acquired from AccessOne.

The foregoing description of the Merger Agreement and the AccessOne Acquisition does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement, a copy of which was included as Exhibit 2.1 to the Company's Current Report on Form 8-K previously filed with the Securities and Exchange Commission (“ SEC”) on September 4, 2025, which is incorporated herein by reference. The Merger Agreement is incorporated herein by reference to provide investors and security holders with information regarding its terms. It is not intended to provide any other factual or financial information about the Company, Merger Sub, AccessOne, the Representative or any of their respective subsidiaries or affiliates. The representations, warranties and covenants contained in the Merger Agreement: (a) were made only for purposes of the respective agreement and as of the specific dates set forth therein; (b) were solely for the benefit of the parties expressly set forth in the Merger Agreement; (c) may be subject to limitations agreed upon by the parties, including being qualified by confidential disclosures made for the purposes of allocating contractual risk among the parties to the Merger Agreement instead of establishing those matters as facts; and (d) may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors should not rely on the representations, warranties and covenants or any description thereof as characterizations of the actual state of facts or condition of the Company, Merger Sub, AccessOne, the Representative or any of their respective subsidiaries or affiliates.

The information set forth under Item 1.01 is incorporated by reference into this Item 2.01.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registr