Company: GDOT
Filing Date: 2025-11-26
Form Type: 8-K
Source: 0001140361-25-043544
Chunk: 3

Company: GREEN DOT CORP
Filing Date: 2025-11-26
Form: 8-K
Item: Item 1.01
Chunk 3
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 applicable requirements of the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder (the “ HSR Act”), including the expiration or termination of any applicable waiting periods, without the imposition of a burdensome condition;
(4) effectiveness of the registration statement on Form S-4 (the “ Form S-4”) to be filed with the U. S. Securities and Exchange Commission (the “ SEC”) for the New CommerceOne Common Stock to be issued in the Mergers; (5) the absence of any order,
injunction, decree or other legal restraint preventing or making illegal the consummation of the Mergers or any of the other transactions contemplated by the Merger Agreement; and (6) the satisfaction or waiver of certain conditions set forth in
the Separation Agreement. Each party’s obligation to effect the Mergers is also subject to (1) the accuracy of the representations and warranties of, in the case of Green Dot, the CommerceOne Parties, and, in the case of the CommerceOne Parties,
Green Dot, in each case subject to, with certain exceptions, customary materiality standards, and (2) performance by, in the case of Green Dot, the CommerceOne Parties’, and, in the case of the CommerceOne Parties, Green Dot’s obligations under the
Merger Agreement in all material respects.

The Merger Agreement provides for automatic termination if the Separation Agreement is terminated prior to the First Effective Time and certain
termination rights for both Green Dot and CommerceOne, including the right of either Green Dot or CommerceOne to terminate the Merger Agreement if (1) the closing of the Mergers
have not occurred by November 23, 2026 (subject to an automatic 90-day extension in certain circumstances, including if required regulatory approvals have not been obtained), (2) there is a final, non-appealable judgment, order, writ, decision,
stipulation, decree or law of a required governmental authority prohibiting the closing of the Mergers or (3) in the event of material breach by the other party of its representations, warranties and covenants, subject to a customary notice and
cure period. The Merger Agreement provides that a termination fee of $27 million will be payable by Green Dot to CommerceOne in the event of a termination of the Merger Agreement under certain circumstances involving alternative
acquisition proposals or changes in the recommendation of Green