Company: PHR
Filing Date: 2025-09-04
Form Type: 8-K
Source: 0001412408-25-000058
Chunk: 3

Company: Phreesia, Inc.
Filing Date: 2025-09-04
Form: 8-K
Item: Item 1.01
Chunk 3
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 Merger is subject to certain customary conditions, including, among others: (i) the receipt of a written consent executed and delivered by (a) the holders of a majority of the Common Shares issued or issuable upon conversion of the Preferred Shares (voting together as a single class and on an as-converted to Common Shares basis) and (b) the holders of a majority of the Preferred Shares issued and outstanding (voting as a single class on an as-converted to Common Shares basis) to adopt the Merger Agreement, effect the Merger and consummate the other transactions contemplated thereunder (the “ Requisite Stockholder Approval”); (ii) the waiting period applicable to the transactions contemplated by the Merger Agreement under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “ HSR Act”), will have expired (or early termination will have been granted) or required approval under the HSR Act will have been received; (iii) no order has been entered and not withdrawn, threatened or pending which would (a) prevent the performance of the Merger Agreement or the consummation the transactions contemplated thereunder, (b) declare unlawful the transactions contemplated thereunder or (c) cause such transactions to be rescinded; (iv) each parties’ representations and warranties are accurate, subject to customary de minimis and materiality standards; (v) each party shall have performed in all material respects its obligations under the Merger Agreement; and (vi) other customary closing conditions. Additionally, the Company and Merger Sub’s obligation to close the Merger is subject to the condition that there has not occurred a Material Adverse Effect since the date of the Merger Agreement.

Termination; Termination Fees. The Merger Agreement provides for certain termination rights, including, among others, the right of the parties to terminate the Merger Agreement (i) by mutual written consent, (ii) if the transactions contemplated under the Merger have not been consummated as of March 2, 2026 (the “ Outside Date”), (iii) if the Requisite Stockholder Approval is not delivered to the Company within one business day of the execution of the Merger Agreement (which has been timely delivered as of the date of this report), (iv) if there is any final and non-appealable law or order that restrains, enjoins or otherwise prohibits the consummation of the transactions contemplated by the Merger Agreement, and (v) if the