Company: MCHB
Filing Date: 2025-09-02
Form Type: 8-K
Source: 0001140361-25-033560
Chunk: 4

Company: Mechanics Bancorp
Filing Date: 2025-09-02
Form: 8-K
Item: Item 3.02
Chunk 4
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Item 3.02.      Unregistered Sales of Equity Securities.  

The information set forth in Item 2.01 of this Current Report on 8-K is incorporated by reference herein. In accordance with the terms and subject to the conditions set
forth in the Merger Agreement, at the Effective Time, the Company issued in aggregate 171,765,719 shares of Class A common stock to EB Acquisition Company LLC and EB Acquisition Company II LLC, entities controlled by Ford Financial Fund II, L. P.
and Ford Financial III, L. P. (collectively, the “ Ford Entities”) in respect of their 52,033 shares of Mechanics Bank voting common stock. As a result of the Merger, the Ford Entities in the aggregate beneficially own Class A common stock
representing approximately 77.7% of the voting power and 74.4% of the economic power of the Company.

The shares of Class A common stock issued to the Ford Entities were not registered under the Securities Act. The shares were issued to the Ford Entities in a private
placement in reliance on exemptions from registration under Section 4(a)(2) of the Securities Act.