Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 21

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 21
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 but merely represents a mechanical rounding off for purposes of avoiding the expense and inconvenience to Parent
that would otherwise be caused by the issuance of fractional shares of Parent Common Stock.

2.4 .

(a) Prior to the dissemination of the Joint Proxy Statement to the stockholders of Parent and the shareholders of the
Company, Parent shall appoint Equiniti Trust Company, LLC (or another nationally recognized financial institution or trust company reasonably satisfactory to the Company and Parent) to act as exchange agent (the “”)
for the payment and delivery of the Merger Consideration. At or prior to the Effective Time, Parent shall deposit, in trust for the benefit of the holders of Company Common Stock, with the Exchange Agent for exchange in accordance with this
, (i) a number of shares of Parent Common Stock equal to the total shares of Parent Common Stock issuable pursuant to and (ii) cash in immediately available funds in an amount to
pay the aggregate Fractional Shares Cash Amount payable in accordance with (such number of shares of Parent Common Stock, together with the aggregate Fractional Shares Cash Amount, the “”). Parent agrees to make available to the Exchange Agent, from time to time as needed, cash sufficient to pay any dividends and other distributions payable to holders of Company Common Stock pursuant to
. The Exchange Agent shall, pursuant to irrevocable instructions, deliver the whole shares of Parent Common Stock contemplated to be issued pursuant to and the
Fractional Shares Cash Amount out of the Exchange Fund. The Exchange Fund shall not be used for any other purpose.

5

(b) Exchange Procedures.

(i) Certificates. As promptly as practicable after the Effective Time (but in no event later than five Business Days
after the Effective Time), Parent shall direct the Exchange Agent to mail to each holder of record of a Company Certificate: (A) a letter of transmittal, which shall specify that delivery shall be effected, and risk of loss and title to the
Company Certificates shall pass, only upon delivery of the Company Certificates to the Exchange Agent, and shall otherwise be in such form and have such other provisions as Parent, the Company and the Exchange Agent may reasonably agree prior to the
Effective Time and (B) instructions for effecting the surrender of the Company Certificates (or affidavits of loss in lieu of the Company Certificates as provided in ) in exchange for the Merger
Consideration and the method of payment of such holder’s Fractional Shares Cash Amount. Upon surrender of a Company Certificate (or affidavit of