ESSA Pharma Inc. has issued a letter to shareholders regarding a Business Combination Agreement entered into on July 13, 2025. The agreement involves a transaction where XenoTherapeutics, Inc., through its subsidiary Xeno Acquisition Corp., will acquire all issued and outstanding common shares of ESSA Pharma Inc. The company plans to reduce the capital of its common shares and make a concurrent distribution, subject to approval from the Supreme Court of British Columbia. The letter provides information on the potential tax treatment of the proposed distribution and highlights considerations relevant to shareholders' individual circumstances. More detailed tax information will be available in the proxy statement and management information circular filed with the United States Securities and Exchange Commission. The full letter can be accessed through the link below.