Company: PHR
Filing Date: 2025-09-04
Form Type: 8-K
Source: 0001412408-25-000058
Chunk: 1

Company: Phreesia, Inc.
Filing Date: 2025-09-04
Form: 8-K
Item: Item 1.01
Chunk 1
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 that is issued and outstanding will

be cancelled and all Options (whether vested or unvested) will be accelerated and converted into the right to receive cash equal to a portion of the Closing Merger Consideration and any Additional Merger Consideration, less applicable withholding taxes, provided, however, that no holder of Options is entitled to receive any portion of the Closing Merger Consideration and any Additional Merger Consideration unless such holder timely executes and delivers to AccessOne an Option Cancellation Agreement; and (ii) the outstanding warrants to purchase Common Shares (the “ Warrants”) that are issued and outstanding will be cancelled pursuant to a Warrant Surrender Agreement and converted into the right to receive cash equal to a portion of the Closing Merger Consideration and any Additional Merger Consideration.

Board Approval. The Board of Directors of the Company (the “ Board”) has unanimously: (i) approved and declared advisable the Merger Agreement and the transactions contemplated by the Merger Agreement, including the Merger; and (ii) determined that the Merger Agreement and the transactions contemplated by the Merger Agreement, including the Merger, were fair to, and in the best interests of, the Company and the stockholders of the Company.

Exclusive Dealing. From the date of the Merger Agreement through the closing or the earlier termination of the Merger Agreement (as discussed below), AccessOne, its equityholders and the Representative have agreed (i) not to solicit, encourage, initiate or engage in discussions or negotiations with, or provide any information to and (ii) to terminate all existing discussions or negotiations with, or provision of information to, in each case, any third party concerning any issuance or purchase of the Shares or any recapitalization, refinancing, business combination, merger, consolidation or sale or license of all or substantially all of the assets of AccessOne and its subsidiaries or similar transactions involving the Company (an “ Acquisition Transaction”). During the same period of time, AccessOne, its equityholders and the Representative have also agreed not to provide any nonpublic information regarding AccessOne and its subsidiaries (including the Merger Agreement or other materials containing the Company’s proposal) to any other person or enter into any Acquisition Transaction or any agreement, memorandum

of understanding, letter of intent or similar document or arrangement relating thereto. AccessOne has also agreed not to release any third party from the confidentiality provisions of any agreement to which AccessOne or any subsidiary thereof is a party and which was entered into in connection with the Acquisition Transaction. Access