Material Agreement Form 8 K

Item 1.01. Entry into a Material Definitive Agreement.

Amendment No. 4 to Merger Agreement

As previously disclosed in that Current on Form 8-K filed by Evofem Biosciences, Inc. (the "Company") with the Securities and Exchange Commission ("SEC") on July 18, 2024, on July 12, 2024 the Company, Aditxt, Inc., a Delaware Corporation ("Aditxt") and Adifem, Inc., a Delaware corporation and wholly-owned subsidiary of Aditxt (the "Merger Sub"), entered into the Amended and Restated Agreement and Plan of Merger (as amended August 20, 2024, September 6, 2024, and October 2, 2024, the "A&R Merger Agreement"), whereby the Merger Sub will merge with and into the Company with the Company being the surviving company and wholly-owned subsidiary of Aditxt.

On November 19, 2024, the Company, Aditxt and Merger Sub entered into the fourth amendment to the A&R Merger Agreement (the "Fourth Amendment"), to amend Section 8.1(b)(ii) of the A&R Merger Agreement to change the required consummation date to January 31, 2025.

Item 1.01 of this Current Report on Form 8-K contains only a brief description of the material terms of the Fourth Amendment and does not purport to be a complete description of the Fourth Amendment. Such description is qualified in its entirety by reference to the full text of the form of Fourth Amendment, which is attached as Exhibit 2.1, to this Current Report on Form 8-K.

Important Information About the Merger and Where to Find It

In connection with the proposed Merger, the Company intends to file a proxy statement. The preliminary and definitive proxy statements and other relevant documents will be sent or given to the stockholders of the Company as of the record date established for voting on the proposed Merger and will contain important information about the proposed Merger and related matters. Before making any voting decision, investors and security holders of the Company are urged to read, when available, the preliminary proxy statement and any amendments thereto and, once available, the definitive proxy statement in connection with the Company's solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the proposed Merger because these documents will contain important information about the Company, Aditxt and the proposed Merger. The definitive proxy statement will be made available to the Company's stockholders as of a record date to be established for voting on the proposed Merger. Aditxt stockholders will also be able to obtain copies of the proxy statement, without charge, once available, at the SEC's website at www.sec.gov.

Participants in the Solicitation

The Company and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company's stockholders in connection with the proposed Merger. The Company's stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and executive officers of the Company in the Company's public filings. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to the Company's stockholders in connection with the proposed Merger will be set forth in the proxy statement for the proposed Merger when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed Merger will be included in the proxy statement that the Company intends to file with the SEC, as described in the "Important Information About the Merger and Where to Find It" section of this Current Report on Form 8-K.

Forward-Looking Statements

This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 with respect to the proposed transaction between the Company and Aditxt, including statements regarding the anticipated timing, completion and success of the transaction. The Company's and Aditxt's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "would," "believes," "predicts," "potential," "strategy," "opportunity," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company's and Aditxt's expectations with respect to future performance and anticipated financial impacts of the Merger, the satisfaction of the closing conditions to the Merger and the timing of the completion of the Merger. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's and Aditxt's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (2) the lack of a third party valuation in determining whether the proposed transaction is fair to the Company's stockholders from a financial point of view; (3) the outcome of any legal proceedings that may be instituted against the Company and Aditxt following the announcement of the Merger Agreement and the transactions contemplated therein; (4) the inability to complete the Merger, including due to failure to obtain approval of the stockholders of the Company, or the satisfaction of other conditions to closing in the Merger Agreement; (5) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement or could otherwise cause the transaction to fail to close; (6) the inability to obtain or maintain the listing of Aditxt common stock on the Nasdaq following the Merger; (7) the risk that the Merger disrupts current plans, operations, business relationships, performance and business generally as a result of the announcement and consummation of the Merger; (8) the ability to recognize the anticipated benefits of the Merger, which may be affected by, among other things, competition, and the ability of combined company to grow and manage growth profitably, maintain relationships with customers and suppliers, and retain its management and key employees; (9) costs related to the merger; (10) changes in applicable laws or regulations; (11) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities; and (12) other risks and uncertainties indicated from time to time in the proxy statement/prospectus relating to the Merger, including those under "Risk Factors" therein, and in the Company's other filings with the SEC. The Company cautions that the foregoing list of factors is not exclusive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's Annual Report on Form 10-K filed with the Commission on March 23, 2024, its Quarterly Report on Form 10-Q, filed with the SEC on November 14, 2024, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

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