Company: ZEUS
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001437749-25-032420
Chunk: 51

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 51
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● the adoption of the Merger Agreement by (i) a majority of the Company’s shareholders and (ii) a majority of the stockholders of Ryerson;

● the Ryerson Common Stock issuable in connection with the Merger having been approved for listing on the New York Stock Exchange;

● the absence of any laws or orders in any jurisdiction in which Ryerson or the Company has material assets or material business operations prohibiting the consummation of the Merger;

● Ryerson’s registration statement on Form S-4 having become effective under the Securities Act of 1933 and the absence of any stop order or action or proceeding by or before the SEC seeking a stop order;

● the expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976;

● subject to certain materiality exceptions set forth in the Merger Agreement, the accuracy of the respective representations and warranties of each of the Company and Ryerson under the Merger Agreement;

● the receipt by each of the Company and Ryerson from qualified counsel of a respective written opinion in connection with the consummation of the Merger based on the facts, representations, assumptions and exclusions set forth in such written opinion, to the effect that the Merger will qualify for the tax treatment intended by the Merger Agreement;

● the absence of a material adverse effect on the Company and Ryerson (as described in the Merger Agreement); and

● the performance or compliance by the Company and Ryerson with their respective covenants and agreements in all material respects or as otherwise specified in the Merger Agreement.

The conditions to the closing of the Merger may not be fulfilled in a timely manner or at all, and, accordingly, the Merger may be delayed or may not be completed. In addition, if the Merger is not completed by April 28, 2026 (subject to the Company’s and Ryerson’s ability to extend the date to July 28, 2026), either Ryerson or the Company may choose not to proceed with the Merger. The parties can mutually decide to terminate the Merger Agreement at any time. In addition, Ryerson could determine that it is unwilling or unable to close the Merger.

The price of the Company’s common stock, as well as the Company’s financial results, may be negatively impacted if the Merger is not completed.

If the Merger is not completed for any reason, the Company’s business and financial results may be adversely affected, including