Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 61

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 61
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 such risk factors in deciding whether to vote to approve the various proposals for which they may be entitled to vote at the HomeStreet special meeting or to be acted on in the Mechanics consent solicitation . The risks described in this proxy statement/prospectus/consent solicitation statement and in those documents incorporated by reference may adversely affect the value of HomeStreet common stock that you, as an existing HomeStreet shareholder, currently hold, or that you, as an existing Mechanics shareholder, will hold upon consummation of the merger, and could result in a significant decline in the value of HomeStreet common stock and cause HomeStreet shareholders and/or Mechanics shareholders to lose all or part of the value of their respective investments in HomeStreet common stock.

**Risks Relating to the Merger and the Combined Company Following the Merger

Because the market price of HomeStreet common stock may fluctuate prior to the effective time, shareholders cannot be certain of the market value of the merger consideration to be received by Mechanics shareholders.**

Upon the terms and subject to the conditions set forth in the merger agreement, at the effective time of the merger, each share of Mechanics voting common stock issued and outstanding immediately prior to the effective time, subject to certain exceptions, will be converted into the right to receive 3,301.0920 shares of Class A common stock. Further, upon the terms and subject to the conditions set forth in the merger agreement, at the effective time, each share of Mechanics non-voting common stock issued and outstanding immediately prior to the effective time, will be converted into the right to receive 330.1092 shares of Class B common stock. These exchange ratios are fixed and will not be adjusted for changes in the market price of HomeStreet common stock. Changes in the price of HomeStreet common stock between now and the effective time will affect the value that Mechanics shareholders will receive in the merger. Neither HomeStreet nor Mechanics is permitted to terminate the merger agreement as a result of any increase or decrease in the market price of HomeStreet common stock in and of itself.

Stock price changes may result from a variety of factors, including general market and economic conditions, changes in HomeStreet’s and Mechanics’ businesses, operations and prospects, the performance of peer companies and other financial companies, volatility in the prices of securities in global financial markets, including the market prices of HomeStreet, Mechanics and other banking companies, the effects of pandemics, government policies (including the imposition of tariffs and retaliatory responses), severe weather events, natural disasters such as earthquakes and wildfires