Company: HBAN
Filing Date: 2025-08-08
Form Type: S-4/A
Source: 0001140361-25-029894
Chunk: 39

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-08
Form: S-4/A
Chunk 39
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 of any of the transactions contemplated by the merger, the bank merger or any of the other transactions contemplated by the merger agreement being in effect. If any plaintiff were successful in obtaining an injunction prohibiting Huntington or Veritex from completing the transactions contemplated by the merger agreement, then such injunction may delay or prevent the effectiveness of the merger and could result in significant costs to Huntington and/or Veritex, including any costs associated with the indemnification of directors and officers of each company. Huntington and Veritex may also incur costs in connection with the defense or settlement of any shareholder lawsuit filed in connection with the merger. Such litigation could have an adverse effect on the financial condition and result of operations of Huntington and Veritex and could prevent or delay the completion of the merger.**

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**The merger agreement limits Veritex’s ability to pursue alternatives to the merger and may discourage other companies from trying to acquire Veritex.

The merger agreement contains “no shop” covenants that restrict Veritex’s ability to, directly or indirectly, initiate, solicit, knowingly encourage or knowingly facilitate any inquiries or proposals with respect to, engage or participate in any negotiations with any person concerning, provide any confidential or nonpublic information or data to, or have or participate in any discussions with, any person relating to, any acquisition proposal, subject to certain exceptions, or, during the term of the merger agreement, approve or enter into any letter of intent, memorandum of understanding, agreement in principle, acquisition agreement, merger agreement or other similar agreement relating to any acquisition proposal.

The merger agreement further provides that, during the twelve (12)-month period following the termination of the merger agreement under specified circumstances, including the entry into a definitive agreement or consummation of a transaction with respect to an alternative acquisition proposal, Veritex may be required to pay to Huntington a cash termination fee equal to $56 million. See the section entitled “The Merger Agreement—Termination Fee” beginning on page 75 .

These provisions could discourage a potential third-party acquirer that might have an interest in acquiring all or a significant portion of Huntington or Veritex from considering or proposing that acquisition.

The merger agreement subjects Huntington and Veritex to certain restrictions on their respective business activities prior to the effective time.

The merger agreement subjects Huntington and Veritex to certain restrictions on their respective business activities prior to the effective time. Subject to certain specified exceptions, the merger agreement obligates Veritex to,