Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 35

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 35
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, estimates or beliefs will be realized, and actual results or outcomes may differ from those contemplated in these forward-looking statements. Neither Old National nor Bremer undertake any obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this proxy statement/prospectus. You are advised to consult further disclosures Old National may make on related subjects in its filings with the SEC.

Investors should consider these risks, uncertainties and other factors in addition to risk factors included elsewhere in this proxy statement/prospectus, in Old National’s Annual Report on Form 10-K for the year ended December 31, 2023, and in its other filings with the SEC.

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TABLE OF CONTENTS

### RISK FACTORS
In addition to general investment risks and the other information contained in or incorporated by reference into this proxy statement/prospectus, including the matters addressed under the section “Cautionary Statement Regarding Forward-Looking Statements,” you should carefully consider the following risk factors relating to the consummation of the mergers and to Old National following the mergers in deciding how to vote for the proposals presented in this proxy statement/prospectus.

Because the market price of Old National common stock will fluctuate, Bremer shareholders cannot be certain of the market value of the merger consideration they will receive.

In the mergers, each share of Bremer common stock issued and outstanding immediately prior to the effective time (except for dissenting shares, shares of treasury stock or shares owned by Bremer, Old National or ONB Merger Sub, in each case other than shares held in trust accounts, managed accounts, mutual funds and the like, or otherwise held in a fiduciary or agency capacity that are beneficially owned by third parties, or held, directly or indirectly, as a result of debts previously contracted) will be converted into the right to receive (i) $26.22 in cash without interest, and (ii) 4.182 shares Old National common stock. No fractional shares of Old National common stock will be issued in the mergers and holders of Bremer common stock will be entitled to receive cash in lieu of fractional shares. The number of shares of Old National common stock received in the mergers is fixed and will not be adjusted for changes in the market price of Old National common stock or Bremer common stock. Changes in the price of Old National common stock or Bremer common stock between now and the effective time of the first