Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 60

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 60
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The Huntington Parties and Cadence have incurred and will incur substantial expenses in connection with the negotiation and completion of the transactions contemplated by the merger agreement. These costs include legal, financial advisory, accounting, consulting and other advisory fees, public company filing fees and other regulatory fees and financial printing and other related costs. Some of these costs are payable by either the Huntington Parties or Cadence regardless of whether or not the merger is completed. If the merger is not completed, the Huntington Parties and Cadence would have to recognize these expenses without realizing the expected benefits of the merger.

Following the consummation of the merger, Huntington is expected to incur substantial costs in connection with the related integration. There are a large number of processes, policies, procedures, operations, technologies and systems that may need to be integrated, including purchasing, accounting and finance, payroll, compliance, treasury management, branch operations, vendor management, risk management, lines of business, pricing and benefits. While Cadence and the Huntington Parties have assumed that a certain level of costs will be incurred, there are many factors beyond their control that could affect the total amount or the timing of the integration costs. Moreover, many of the costs that will be incurred are, by their nature, difficult to estimate accurately. These integration costs may result in Huntington taking charges against earnings following the completion of the merger, and the amount and timing of such charges are uncertain at present.

Combining the Huntington Parties and Cadence may be more difficult, costly or time-consuming than expected and the Huntington Parties and Cadence may fail to realize the anticipated benefits of the merger .

The success of the merger will depend, in part, on the ability to realize the anticipated cost savings from combining the businesses of the Huntington Parties and Cadence. To realize the anticipated benefits and cost savings from the merger, Huntington and Cadence must successfully integrate and combine their businesses in a manner that permits those cost savings to be realized. If the Huntington Parties and Cadence are not able to successfully achieve these objectives, the anticipated benefits of the merger may not be realized fully or at all or may take longer to realize than expected. In addition, the actual cost savings and anticipated benefits of the merger could be less than anticipated, and integration may result in additional unforeseen expenses.

The Huntington Parties and Cadence have operated and, until the completion of the merger, must continue to operate, independently. It is possible that the integration process could result in the loss of key employees, the disruption of each company’s ongoing businesses or inconsistencies in standards, controls, procedures and