Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 16

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 16
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| Q: | What will holders of Cadence common stock receive in the merger? |

| A: | In the merger, holders of Cadence common stock will receive 2.475 shares of Huntington common stock for each share of Cadence common stock held immediately prior to the completion of the merger (other than certain shares held by Huntington or Cadence). Huntington will not issue any fractional shares of Huntington common stock in the merger. Holders of Cadence common stock who would otherwise be entitled to a fractional share of Huntington common stock in the merger will instead receive an amount in cash (rounded to the nearest cent) determined by multiplying the average of the closing sale prices per share of Huntington common stock on the NASDAQ as reported byThe Wall Street Journalfor the five (5) consecutive full trading days ending on the day preceding the day on which the closing of the merger is completed (the “Huntington share closing price”) by the fraction of a share (rounded to the nearest thousandth when expressed in decimal form) of Huntington common stock that such shareholder would otherwise be entitled to receive. |

| Q: | What will holders of Cadence series A preferred stock receive in the merger? |

| A: | In the merger, each share of Cadence series A preferred stock will be converted into the right to receive one (1) depositary share representing one one-thousandth (1/1000th) of a share of new Huntington preferred stock. Cadence series A preferred stock is currently listed on the NYSE under the symbol “CADE-PrA.” The new Huntington depositary shares representing the new Huntington preferred stock are expected to be listed on the NASDAQ upon completion of the merger. See the information provided in the section entitled “Description of New Huntington Preferred Stock” beginning on page138for more information. |

| Q: | What will holders of Huntington common stock receive in the merger? |

| A: | In the merger, holders of Huntington common stock will not receive any consideration, and their shares of Huntington common stock will remain outstanding. Following the merger, shares of Huntington common stock will continue to be listed on the NASDAQ. |

| Q: | Will the value of the merger consideration change between the date of this joint proxy statement/prospectus and the time the merger is completed? |

| A: | Yes. Although the number of shares of Huntington common stock that holders of Cadence common stock will receive is fixed, the value of the merger consideration will fluctuate between the date of this joint proxy statement