Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 204

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 204
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 Health Care and Education Reconciliation Act of 2010 or any consequences under the Foreign Account Tax Compliance Act of 2010 (including the Treasury regulations issued thereunder and intergovernmental agreements entered into pursuant thereto or in connection therewith). Determining the actual tax consequences of the merger to you may be complex. They will depend on your specific situation and on factors that are not within the control of Cadence or Huntington. You should consult with your own tax advisor as to the tax consequences of the merger in your particular circumstances. Tax Consequences of the Merger Generally Huntington and Cadence intend the merger to qualify as a “reorganization” within the meaning of Section 368(a) of the Code. As described below, it is a condition to each party’s respective obligations to complete the merger that Huntington and Cadence each receive a legal opinion that the merger will so qualify. Accordingly, the material U.S. federal income tax consequences of the merger to U.S. holders of Cadence common stock are as follows:

| • | you will not recognize gain or loss when you exchange your Cadence common stock solely for Huntington common stock, except with respect to any cash received instead of a fractional share of Huntington common stock; |

| • | your aggregate tax basis in the Huntington common stock that you receive in the merger (including any fractional share interest you are deemed to receive and exchange for cash) will equal your aggregate tax basis in the Cadence common stock you surrender; and |

| • | your holding period for the Huntington common stock that you receive in the merger (including any fractional share interest you are deemed to receive and exchange for cash) will include your holding period for the shares of Cadence common stock that you surrender in the exchange. |

If you acquired different blocks of Cadence common stock at different times and at different prices, your tax basis and holding period in your Huntington common stock may be determined with reference to each block of Cadence common stock. Cash Instead of Fractional Shares If you receive cash instead of a fractional share of Huntington common stock, you will be treated as having received the fractional share of Huntington common stock pursuant to the merger and then as having exchanged that fractional share for cash in redemption by Huntington. You will generally recognize capital gain or loss on any cash received instead of a fractional share of Huntington common stock equal to the difference between the amount of cash received and the tax basis allocated to such fractional share. Any capital gain or loss will constitute long-term capital gain or loss if your holding period in Cadence