Company: SSUP
Filing Date: 2025-07-30
Form Type: PREM14A
Source: 0001140361-25-027895
Chunk: 128

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-07-30
Form: PREM14A
Chunk 128
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 Code without the support of the Consenting Parties and may not be able to confirm a chapter 11 plan without the support of the Consenting Parties. In the event of a Chapter 11 Structure, termination of the RSA prior to confirmation or consummation of the Plan could result in the loss of support for the Plan by the Consenting Parties and could result in the loss of DIP Financing (if any) or consensual use of cash collateral by the Company under certain circumstances. Any such loss of support could adversely affect the Company’s ability to confirm or consummate the Plan. The RSA contains certain covenants on the part of each of the Consenting Parties, including, among other things, (i) commitments to support, and to use commercially reasonable efforts and timely take all reasonable actions necessary to support, implement and consummate the Recapitalization Transaction and (ii) commitments to negotiate in good faith and use commercially reasonable efforts to execute and implement definitive documents that are consistent with the RSA. Pursuant to the RSA, the Consenting Parties have agreed to implement the Recapitalization Transaction by no later than 120 calendar days after the Petition Date in the event of prepackaged Chapter 11 Cases or 150 calendar days after the Petition Date in the event of prearranged Chapter 11 Cases, in each case, if the Effective Time has not occurred, which deadlines may be extended or waived in writing by the Requisite Consenting Term Loan Lenders in their sole discretion.

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SUBSCRIPTION AGREEMENT This section describes the material terms of the Subscription Agreement. The description in this section and elsewhere in this proxy statement is qualified in its entirety by reference to the complete text of the Subscription Agreement, a copy of which is attached as Annex E to this proxy statement and is incorporated by reference herein in its entirety. This summary does not purport to be complete and may not contain all of the information about the Subscription Agreement. You are encouraged to read the Subscription Agreement carefully and in its entirety. Concurrently with the execution of the Merger Agreement on July 8, 2025, the Company entered into the Subscription Agreement with Parent, pursuant to which Parent agreed to purchase, and the Company agreed to issue and sell to Parent, (i) 7,600,000 Subscription Shares or (ii) such other number of Common Shares as may be mutually agreed by the Company and Parent, in each case, for a purchase price of $0.09 per share. The purchase of the Subscription Shares