UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 1325, 2025

ESSA Pharma Inc.

(Exact name of registrant as specified in its charter)

British Columbia, Canada

(State or other jurisdiction of incorporation)

001-37410

(Commission File Number)

98-1250703

(IRS Employer Identification No.)

Suite 720, 999 West Broadway,

Vancouver, British Columbia, Canada

(Address of principal executive offices)

V5Z 1K5

(Zip Code)

Registrant’s telephone number, including area code: (778) 331-0962

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Shares, no par value		EPIX		Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01 Other Events.

On August 1425, 2025, ESSA Pharma Inc. (the “Company”) issued a press release announcing that, ~~in connection with~~ the ~~Company’s~~press ~~recently~~release ~~announced~~issued ~~return~~by ~~of capital distribution in~~ the ~~aggregate~~Company ~~amount~~on ~~of US$80~~August 14,~~000,000~~ ~~(the~~2025 ~~“Distribution”) to~~inadvertently ~~the~~stated ~~holders~~that ofthe common shares of the Company (“Common Shares” and the holders of such Common Shares, the “Shareholders”) as ~~part~~would oftrade ~~the~~with ~~discontinuance~~“due ~~and~~bills” representing ~~winding-up~~an assignment of the ~~business~~right ofto ~~the~~receive ~~Company~~approximately ~~pursuant~~US$1.6910318 toper ~~the~~Common ~~Company’s~~Share in the previously announced ~~transaction~~ ~~with~~capital ~~XenoTherapeutics, Inc.~~distribution ~~(“Xeno”),~~in athe ~~non-profit~~aggregate ~~biotechnology~~amount ~~company~~of US$80,000,000 ~~under~~(the ~~which~~“Distribution”) during ~~Xeno~~the ~~will~~period ~~acquire~~from ~~all~~August 19, ~~of the~~2025 ~~issued~~through and ~~outstanding~~including ~~Common~~August 25, ~~Shares~~2025 (the “~~Transaction~~Due Bill Period”),. ~~the~~The ~~Nasdaq~~correct ~~Stock~~Due ~~Market~~Bill ~~LLC~~Period ~~(“Nasdaq”) has~~was ~~determined~~in ~~that~~fact ~~the~~August 19, ~~ex-dividend~~2025 ~~date~~through ~~for~~and ~~the~~including ~~Distribution will be~~ August 2522, 2025. Shareholders ~~(the~~should ~~“Ex-Dividend~~be ~~Date”),~~ advised that the ~~first~~Distribution ~~business~~was ~~day~~paid ~~after~~to ~~the~~Shareholders ~~payment~~on ~~date.~~August 22, ~~The~~2025, ~~Distribution~~and isas ~~scheduled~~a toresult beCommon ~~paid~~Shares did tonot ~~Shareholders~~trade with due bills on August 2225, 2025 and ~~Shareholders will~~instead ~~receive~~began ~~approximately~~trading ~~$1.69~~on ~~per~~an ~~Common~~“ex-dividend” ~~Share~~basis inas of such date. A copy of the ~~Distribution~~press ~~(subject~~release tois ~~applicable~~attached ~~withholding)~~hereto as Exhibit 99.1.

~~Because~~ ~~the~~Item Distribution represents more than 25% of the price of the Common Shares, Nasdaq has determined that the Common Shares will trade with “due bills” representing an assignment of the right to receive the Distribution during the period from August 19, 2025 through and including August 25, 2025 (the “Due Bill Period”)9.01 ~~Thus,~~Financial ~~the~~Statements ~~Common Shares will trade with this “due bill”~~ and ~~the assignment of the right to receive the Distribution during the Due Bill Period until the Ex-Dividend Date~~Exhibits.

~~Shareholders who sell their Common Shares during the Due Bill Period will be selling their right to the Distribution, and such Shareholder will not be entitled to receive the Distribution~~ (~~even if the trade will settle after the Due Bill Period~~d). Persons who purchase Common Shares during the Due Bill Period will be entitled to receive the Distribution (even if the trade will settle after the Due Bill Period). Due bills obligate a Shareholder who sells Common Shares during the Due Bill Period to deliver the Distribution payable on such Common Shares to the buyer. Due bill obligations are settled customarily between the brokers representing the buyers and sellers of the Common Shares. The Company has no obligation for either the amount of the due bill or the processing of the due bill. Buyers and sellers of the Common Shares should consult their broker before trading to be sure they understand the effect of Nasdaq’s due bill procedures. Exhibits

A copy of the press release is attached hereto as Exhibit 99.1.

Exhibit No.	Description
99.1	Press Release, dated August 25, 2025
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

~~Item~~Forward ~~9.01~~Looking ~~Financial~~ Statements ~~and Exhibits.~~

This communication, and any related oral statements, contains certain information which, as presented, constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities laws (dcollectively, “forward-looking statements”) ~~Exhibits~~. Forward-looking statements include, but are not limited to, statements that relate to future events and often address expected future business and financial performance, containing words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions and include, but are not limited to, statements regarding the proposed timing and completion of the Transaction, the amounts payable under the Transaction; the timing and receipt of securityholder, regulatory and court approvals of the Transaction; the satisfaction of the conditions to the completion of the Transaction and other statements that are not statements of historical facts.

	Exhibit No.	Description
	99.1	Press Release, dated August 14, 2025
	104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

In this communication, these forward-looking statements are based on the Company’s current expectations, estimates and projections regarding, among other things, the expected date of closing of the Transaction and the potential benefits thereof, its business and industry, management’s beliefs and certain assumptions made by the Company, all of which are subject to change. Forward-looking statements are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, and which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, including the consummation of the Transaction and the anticipated benefits thereof. Such statements reflect the Company’s current views with respect to future events, are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant medical, scientific, business, economic, competitive, regulatory, political and social uncertainties and contingencies. In making forward-looking statements, the Company may make various material assumptions, including but not limited to (i) the completion of the Transaction on anticipated terms and timing, including obtaining required securityholder, regulatory and court approvals, and the satisfaction of other conditions to the completion of the Transaction; (ii) the potential for the date of the Special Meeting to change; (iii) potential litigation relating to the Transaction that could be instituted by or against the Company, Xeno, XOMA Royalty Corporation or their respective directors or officers, including the effects of any outcomes related thereto; (iv) the risk that disruptions from the Transaction will harm the Company’s business, including current plans and operations; (v) the ability of the Company to retain and hire key personnel; (vi) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the Transaction; (vii) continued availability of capital and financing and rating agency actions; (viii) legislative, regulatory and economic developments affecting the Company’s business; (ix) the accuracy of the Company’s financial projections; (x) general business, market and economic conditions; (xi) certain restrictions during the pendency of the Transaction that may impact the Company’s ability to pursue certain business opportunities or strategic transactions; (xii) unpredictability and severity of catastrophic events, including but not limited to acts of terrorism, pandemics, outbreaks of war or hostilities, as well as the Company’s response to any of the aforementioned factors; (xiii) significant transaction costs associated with the Transaction; (xiv) the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (xv) competitive responses to the Transaction; (xvi) the risks and uncertainties pertaining to the Company’s business, including those set forth in the Company’s Annual Report on Form 10-K dated December 17, 2024, under the heading “Risk Factors”, a copy of which is available on the Company’s profile on EDGAR at www.sec.gov and on SEDAR+ at www.sedarplus.ca, and as otherwise disclosed from time to time on the Company’s EDGAR and SEDAR+ profiles; and (xvii) the risks and uncertainties that are described in the definitive proxy statement and management information circular for the Company’s securityholders filed with the U.S. Securities and Exchange Commission on August 11, 2025 (the “SEC,” and such statement, the “Proxy Statement”) available from the sources indicated above.

These risks, as well as other risks associated with the Transaction, are more fully discussed in the Proxy Statement. While the list of factors presented here is, and the list of factors presented in the Proxy Statement are, considered representative, no such list should be considered a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material impact on the Company’s financial condition, results of operations, credit rating or liquidity. Forward-looking ~~Looking~~statements ~~Statements~~are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as may be required by applicable United States and Canadian securities laws. Readers are cautioned against attributing undue certainty to forward-looking statements.

~~This~~Important ~~communication,~~Additional ~~and~~Information ~~any related oral statements, contains certain information which, as presented, constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995~~ and ~~“forward-looking~~Where ~~information” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements include, but are not limited~~ to, ~~statements that~~Find relate to future events and often address expected future business and financial performance, containing words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions and include, but are not limited to, statements regarding the proposed timing and completion of the Transaction, the amounts payable under the Transaction; the timing and receipt of securityholder, regulatory and court approvals of the Transaction; the satisfaction of the conditions to the completion of the Transaction and other statements that are not statements of historical facts.It

In ~~this~~connection ~~communication,~~with ~~these forward-looking statements are based on~~ the ~~Company’s~~proposed ~~current expectations, estimates and projections regarding, among other things, the expected date of closing of the~~ Transaction ~~and~~between the ~~potential benefits thereof, its business and industry, management’s beliefs and certain assumptions made by the~~ Company, ~~all~~Xeno ~~of which are subject to change. Forward-looking statements are subject to various known~~ and ~~unknown~~XOMA ~~risks~~Royalty ~~and uncertainties~~Corporation, ~~many of which are beyond~~ the ~~ability of the~~ Company tohas ~~control~~filed orwith ~~predict, and which may cause~~ the ~~Company’s~~SEC ~~actual results, performance or achievements~~the todefinitive beProxy ~~materially~~Statement ~~different~~on ~~from those expressed or implied thereby~~August 11, ~~including~~2025 ~~the consummation of the Transaction~~ and the ~~anticipated benefits~~Proxy ~~thereof.~~Statement ~~Such~~was ~~statements~~first ~~reflect~~sent ~~the~~or ~~Company’s~~provided ~~current views with respect~~ to ~~future events, are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by~~ the Company ~~as of the date of~~securityholders ~~such~~on ~~statements~~August 11, ~~are inherently subject to significant medical, scientific, business, economic, competitive, regulatory, political and social uncertainties and contingencies~~2025. InThe ~~making forward-looking statements, the~~ Company may ~~make~~also ~~various~~file ~~material~~other ~~assumptions,~~documents ~~including but~~with ~~not limited to (i)~~ the ~~completion~~SEC ofregarding the ~~Distribution~~proposed ~~and the~~ Transaction. onThis ~~anticipated terms~~document ~~and timing, including obtaining required securityholder, regulatory and court approvals, and the satisfaction of other conditions~~is tonot ~~the~~a ~~completion~~substitute ~~of the Transaction; (ii) the potential~~ for the ~~date~~Proxy ofStatement ~~the Special Meeting to change; (iii) potential litigation relating to the Transaction that could be instituted by~~ or ~~against the Company, Xeno, XOMA Royalty Corporation or their respective directors or officers, including the effects of~~ any ~~outcomes~~other ~~related~~document ~~thereto;~~which ~~(iv)~~ the ~~risk that disruptions from the Transaction will harm the~~ Company’s ~~business,~~may ~~including~~file ~~current~~with ~~plans and operations; (v)~~ the ~~ability~~SEC ofor ~~the~~send ~~Company to retain and hire key personnel; (vi) potential adverse reactions~~ or ~~changes~~provide to ~~business relationships resulting from~~ the ~~announcement~~Company securityholders orin ~~completion~~connection ofwith the Transaction;. ~~(vii) continued availability~~INVESTORS ofAND ~~capital~~SECURITYHOLDERS ~~and~~ARE ~~financing~~URGED ~~and~~TO ~~rating~~READ ~~agency~~THE ~~actions;~~PROXY ~~(viii) legislative,~~STATEMENT ~~regulatory~~AND ~~and~~ANY ~~economic developments affecting~~OTHER ~~the~~RELEVANT ~~Company’s~~DOCUMENTS ~~business;~~THAT ~~(ix) the~~ARE ~~accuracy~~FILED ofOR ~~the~~WILL ~~Company’s~~BE ~~financial projections;~~FILED ~~(x) general~~WITH ~~business~~THE SEC, ~~market~~AS ~~and~~WELL ~~economic~~AS ~~conditions; (xi) certain~~ANY ~~restrictions~~AMENDMENTS ~~during~~OR ~~the~~SUPPLEMENTS ~~pendency~~TO ofTHESE ~~the~~DOCUMENTS, ~~Transaction that may impact the Company’s~~CAREFULLY ~~ability~~AND toIN ~~pursue~~THEIR ~~certain~~ENTIRETY ~~business~~BECAUSE ~~opportunities~~THEY orCONTAIN ~~strategic~~OR ~~transactions;~~WILL ~~(xii) unpredictability~~CONTAIN ~~and~~IMPORTANT ~~severity~~INFORMATION ofABOUT ~~catastrophic~~THE ~~events, including~~PROPOSED ~~but~~TRANSACTION ~~not~~AND ~~limited~~RELATED ~~to acts of terrorism, pandemics, outbreaks of war or hostilities, as~~MATTERS. ~~well~~Investors asand ~~the~~securityholders ~~Company’s~~may ~~response~~obtain tofree ~~any~~copies of the ~~aforementioned~~Proxy ~~factors;~~Statement ~~(xiii) significant transaction~~and ~~costs~~other ~~associated~~documents ~~with the Transaction; (xiv) the possibility~~ that ~~the~~are ~~Transaction~~filed ~~may be more expensive to complete than anticipated, including as a result of unexpected factors~~ or ~~events;~~will ~~(xv) competitive~~be ~~responses~~filed ~~to the Transaction; (xvi) the~~with ~~risks and uncertainties pertaining to~~ the ~~Company’s~~SEC ~~business,~~by ~~including those set forth in~~ the Company’s ~~Annual~~(when ~~Report~~they onbecome ~~Form 10-K~~available) ~~dated~~through ~~December 17, 2024, under~~ the ~~heading~~website ~~“Risk~~maintained ~~Factors”, a~~by ~~copy of which is available on~~ the ~~Company’s~~SEC ~~profile on EDGAR~~ at www.sec.gov, ~~and~~ on SEDAR+ at www.sedarplus.ca, ~~and~~or asat ~~otherwise disclosed from time to time on~~ the Company’s ~~EDGAR~~website ~~and~~at ~~SEDAR+ profiles; and (xvii) the risks and uncertainties that are described in the definitive proxy statement and management information circular for the Company’s securityholders filed with the U~~www.Sessapharma. ~~Securities and Exchange Commission on August 11, 2025 (the “SEC,” and such statement, the “Proxy Statement”) available from the sources indicated above~~com.

~~These risks,~~Participants ~~as well as other risks associated with the Transaction, are more fully discussed~~ in the Proxy Statement. While the list of factors presented here is, and the list of factors presented in the Proxy Statement are, considered representative, no such list should be considered a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material impact on the Company’s financial condition, results of operations, credit rating or liquidity. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as may be required by applicable United States and Canadian securities laws. Readers are cautioned against attributing undue certainty to forward-looking statements.Solicitation

~~Important~~The Company and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s shareholders in connection with the proposed Transaction. Additional ~~Information~~information regarding such participants, including a description of their direct or indirect interests, by security holdings or otherwise, can be found under the captions “THE ARRANGEMENT – Interests of the Company’s Directors and ~~Where~~Executive Officers in the Arrangement”, “IMPORTANT INFORMATION ABOUT THE COMPANY – Security Ownership” and “INTERESTS OF THE COMPANY’S DIRECTORS AND EXECUTIVE OFFICERS IN THE ARRANGEMENT” contained in the Proxy Statement. Information relating to ~~Find~~the Itforegoing can also be found in the Company’s proxy statement for its 2025 annual meeting of shareholders, which was filed with the SEC on January 22, 2025. To the extent holdings of securities by potential participants changed since the applicable “as of” date disclosed in the Proxy Statement, such information has been or will be reflected on the Company’s Statements of Change in Ownership on Forms 3 and 4 filed with the SEC. You may obtain free copies of these documents using the sources indicated above.

In connection with the proposed Transaction between the Company, Xeno and XOMA Royalty Corporation, the Company has filed with the SEC the definitive Proxy Statement on August 11, 2025 and the Proxy Statement was first sent or provided to the Company securityholders on August 11, 2025. The Company may also file other documents with the SEC regarding the proposed Transaction. This document is not a substitute for the Proxy Statement or any other document which the Company may file with the SEC or send or provide to the Company securityholders in connection with the Transaction. INVESTORS AND SECURITYHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and securityholders may obtain free copies of the Proxy Statement and other documents that are filed or will be filed with the SEC by the Company (when they become available) through the website maintained by the SEC at www.sec.gov, on SEDAR+ at www.sedarplus.ca, or at the Company’s website at www.essapharma.com.SIGNATURES

~~Participants~~Pursuant into the ~~Solicitation~~requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

The Company and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s shareholders in connection with the proposed Transaction. Additional information regarding such participants, including a description of their direct or indirect interests, by security holdings or otherwise, can be found under the captions “THE ARRANGEMENT – Interests of the Company’s Directors and Executive Officers in the Arrangement”, “IMPORTANT INFORMATION ABOUT THE COMPANY – Security Ownership” and “INTERESTS OF THE COMPANY’S DIRECTORS AND EXECUTIVE OFFICERS IN THE ARRANGEMENT” contained in the Proxy Statement. Information relating to the foregoing can also be found in the Company’s proxy statement for its 2025 annual meeting of shareholders, which was filed with the SEC on January 22, 2025. To the extent holdings of securities by potential participants changed since the applicable “as of” date disclosed in the Proxy Statement, such information has been or will be reflected on the Company’s Statements of Change in Ownership on Forms 3 and 4 filed with the SEC. You may obtain free copies of these documents using the sources indicated above.

	*ESSA PHARMA INC.*
	(Registrant)

Date: August 25, 2025
	By:	/s/ David Wood
		Name: David Wood
		Title: Chief Financial Officer

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ESSA PHARMA INC.
	(Registrant)
Date: August 14, 2025
	By:	/s/ David Wood
		Name:	David Wood
		Title:	Chief Financial Officer

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