Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 198

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 198
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 a manner adverse to the Huntington Parties the Cadence board recommendation (as defined in the section entitled “The Merger Agreement—Shareholder Meetings and Recommendation of Huntington’s and Cadence’s Board of Directors”), (ii) fails to make the Cadence board recommendation in this joint proxy statement/prospectus, (iii) adopts, approves, recommends or endorses a Cadence acquisition proposal (as defined in the section entitled “The Merger Agreement—Agreement Not to Solicit Other Offers”) or publicly announces an intention to adopt, approve, recommend or endorse a Cadence acquisition proposal, (iv) fails to publicly and without qualification (A) recommend against any Cadence acquisition proposal or (B) reaffirm the Cadence board recommendation, in each case within ten (10) business days (or such fewer number of days as remains prior to the Cadence special meeting) after a Cadence acquisition proposal is made public or any request by the Huntington Parties to do so, or (v) materially breaches its obligations related to Cadence shareholder approval or Cadence acquisition proposals; or |

| • | by Cadence, prior to such time as the requisite Huntington vote is obtained, if Huntington or the Huntington board of directors (i) withholds, withdraws, modifies or qualifies in a manner adverse to Cadence the Huntington board recommendation (as defined in the section entitled “The Merger Agreement—Shareholder Meetings and Recommendation of Huntington’s and Cadence’s Board of Directors”), (ii) fails to make the Huntington board recommendation in this joint proxy statement/prospectus, (iii) adopts, approves, recommends or endorses a Huntington acquisition proposal (as defined in the section entitled “The Merger Agreement—Agreement Not to Solicit Other Offers”) or publicly announces an intention to adopt, approve, recommend, or endorse a Huntington acquisition proposal, (iv) fails to publicly and without qualification (A) recommend against any Huntington acquisition proposal or (B) reaffirm the Huntington board recommendation, in each case within ten (10) business days (or such fewer number of days as remains prior to the Huntington special meeting) after a Huntington acquisition proposal is made public or any request by Cadence to do so, or (v) materially breaches its obligations related to Huntington shareholder approval. |

Neither Huntington nor Cadence is permitted to terminate the merger agreement as a result, in and of itself, of any increase or decrease in the market price of Huntington common stock or Cadence common stock. Effect of Termination If the merger agreement is terminated by