Company: ZEUS
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001437749-25-032420
Chunk: 50

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 50
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 are either inapplicable or are answered in the negative and are omitted pursuant to the instructions to Part II.

Item 1A. Risk Factors

Please consider the factors discussed in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024. Other than the risk factors provided below relating to the Merger, there have been no material changes or additions to our risk factors discussed in such report that could materially affect the Company’s business, financial condition, or future results.

The consideration the Company’s shareholders will receive in the Merger is uncertain because the market price of Ryerson Common Stock will fluctuate.

Subject to the terms and conditions set forth in the Merger Agreement, upon consummation of the Merger, each share of the Company’s common stock issued and outstanding immediately prior to the effective time of the Merger will be canceled and converted into and thereafter represent the right to receive that number of validly issued, fully paid and non-assessable shares of Ryerson Common Stock equal to 1.7105, rounded down to the nearest whole share and, if applicable, the cash amount to be paid in lieu of fractional shares. The exchange ratio in the Merger is fixed, and there will be no adjustment to the consideration to be received by the Company’s shareholders in the Merger for changes in the market price of Ryerson Common Stock or the Company’s common stock prior to the completion of the Merger. The market value of Ryerson Common Stock may fluctuate prior to the closing of the Merger as a result of a variety of factors, including reactions from the financial markets to the Merger, general market and economic conditions, changes in Ryerson’s business, operations and prospects and regulatory considerations. Such factors are difficult to predict and in many cases may be beyond the Company’s control or Ryerson’s control. The actual value of the consideration to be received by the Company’s shareholders at the completion of the Merger will depend on the market value of Ryerson Common Stock at that time. This market value may differ, possibly materially, from the market value of the Company’s shares of common stock at the time the Merger Agreement was entered into or at any other time.

The Merger Agreement may be terminated in accordance with its terms and the Merger may not be completed.

The Merger Agreement contains a number of conditions that must be satisfied or waived in order to complete the Merger. Those conditions include, among others