Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 19

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 19
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 President of Finance of Parent and (iv) Zachary Siegal to be appointed
the Senior Vice President of Business Development of Parent and shall hold such office in accordance with the certificate of incorporation and bylaws of Parent or the Company, as applicable.

3

1.6 . From and after the Effective Time until the Board
reasonably determines, the Surviving Corporation shall maintain a presence in the Cleveland metropolitan area.

ARTICLE 2

CONVERSION OF SECURITIES IN THE MERGER

2.1 . At the Effective Time, by virtue of the Merger and without any action on the part of the Company, Parent,
Merger Sub or any holder of any of the following securities:

(a) Each share of Company Common Stock held by the Company as treasury stock
or held directly by Parent or Merger Sub (or any direct or indirect wholly owned Subsidiaries of the Company, Parent Merger Sub), in each case, immediately prior to the Effective Time, shall automatically be canceled (each such share of Company
Common Stock, an “”) and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof.

(b) Subject to , , , and
, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time shall be converted into and thereafter represent the right to receive that number of validly issued, fully paid
and non-assessable shares of common stock, $0.01 par value per share, of Parent (“”), equal to the Exchange Ratio rounded down to the nearest whole share as contemplated
by (the “”) and the Fractional Shares Cash Amount to be paid in lieu of fractional shares pursuant to . The Common Stock
Merger Consideration to be issued pursuant to this and the Fractional Shares Cash Amount to be paid in lieu of fractional shares pursuant to are referred to, as applicable,
as the “”. For purposes of this Agreement, the “” means 1.7105.

(c) All of the outstanding shares of Company Common Stock (other than Excluded Shares) shall be converted into the right to receive the Merger
Consideration pursuant to this and all such shares of Company Common Stock shall cease to be outstanding and shall cease to exist and, as of the Effective Time, each holder of a certificate representing any such
shares of Company Common Stock (a “”) or shares of Company Common Stock held in book-entry form (“”) shall cease to have any rights with respect thereto, except
the right to receive