Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 62

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 62
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 section entitled “Unaudited Pro Forma Condensed Combined Financial Information” beginning on page 21 .

Certain of Cadence’s directors and executive officers have interests in the merger that may differ from, or be in addition to, the interests of holders of Cadence common stock generally .

Holders of Cadence common stock should be aware that some of Cadence’s directors and executive officers have interests in the merger that are different from, or in addition to, those of holders of Cadence common stock generally. These interests and arrangements may create potential conflicts of interest. The Cadence board of directors was aware of these interests and considered these interests, among other matters, when making its decision to approve the merger agreement, and in recommending that shareholders vote to approve the merger agreement, the Cadence compensation proposal and the Cadence adjournment proposal. For a more complete description of these interests, please see the section entitled “The Merger—Interests of Cadence’s Directors and Executive Officers in the Merger” beginning on page 91 .

Termination of the merger agreement could negatively affect the Huntington Parties or Cadence .

If the merger is not completed for any reason, including as a result of Huntington shareholders failing to approve the Huntington share issuance proposal or Cadence shareholders failing to approve the Cadence merger proposal, there may be various adverse consequences and the Huntington Parties and/or Cadence may experience negative reactions from the financial markets and from their respective customers and employees. For example, the Huntington Parties’ or Cadence’s businesses may have been affected adversely by the failure to pursue other beneficial opportunities due to the focus of management on the merger, without realizing any of the anticipated benefits of completing the merger. Additionally, if the merger agreement is terminated, the market price of Huntington’s or Cadence’s common stock could decline to the extent that the current market prices reflect a market assumption that the merger will be completed. If the merger agreement is terminated under certain circumstances, either the Huntington Parties or Cadence may be required to pay a termination fee of $296 million to the other party.

Additionally, 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, including legal, accounting and financial advisory costs, as well as the costs and expenses of filing, printing and mailing this joint proxy statement/prospectus, and all filing and other fees paid to the SEC in connection with the merger. If the merger is not completed, the Huntington Parties and Cadence would have to pay these expenses