Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 405

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 405
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 Common Stock
. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Company, Parent Bank or the holder of any securities of Parent, Parent Bank or Company:

(a) Subject to Section 2.2(c), each share of the common stock, par value $50 per share, of Company designated as Voting Common Stock (the “ Voting Company Common Stock ”) and each share of the common stock, par value $50 per share, of Company designated as Non-Voting Common Stock (the “ Non-Voting Company Common Stock ”) issued and outstanding immediately prior to the Effective Time (the Voting Company Common Stock and the Non-Voting Company Common Stock, collectively, the “ Company Common Stock ”), except for shares of Company Common Stock owned by Company or Parent (in each case other than shares of Company Common Stock (x) held in trust accounts, managed accounts, mutual funds and the like, or otherwise held in a fiduciary or agency capacity that are beneficially owned by third parties, or (y) held, directly or indirectly, by Company or Parent in respect of debts previously contracted) (the “ Excluded Shares ”), shall be converted into the right to receive: (A) in the case of Voting Company Common Stock, 3,301.0920 shares (the “ Exchange Ratio ”, and such shares collectively, the “ Voting Merger Consideration ”) of the class A common stock, no par value, of Parent (the “ Class A Parent Common Stock ”), and (B) in the case of the Non-Voting Company Common Stock, 330.1092 shares (the “ Non-Voting Exchange Ratio ”, and such shares collectively, with the Voting Merger Consideration, the “ Merger Consideration ”) of the class B common stock, no par value, of Parent as set forth in the Parent Articles Amendment (the “ Class B Parent Common Stock ”) (the common stock, no par value, of Parent prior to the effectiveness of the Parent Articles Amendment and, following the effectiveness of the Parent Articles Amendment, the Class A Parent Common Stock and the Class B Parent Common Stock, collectively, the “ Parent Common Stock ”).

(b) All the shares of Company Common Stock converted into the right to receive the Merger Consideration pursuant to this Article I shall no longer be outstanding and shall automatically be cancelled and shall cease to exist as of the Effective Time, and each certificate (each, an “ Old Certificate