Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 153

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part II, Item 1A
Chunk 153
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ITEM 1A. Risk Factors

Other than the risk factors set forth below, there are no material changes to the Corporation's risk factors previously disclosed in response to Part I, Item 1A. of the Corporation's 2024 Annual Report. Such risk factors are incorporated herein by reference.

Risks Relating to the Merger with Fifth Third

We have identified certain additional risk factors in connection with the Merger Agreement and the proposed Merger. These risks and the other risks associated with the proposed Merger will be more fully discussed in the joint proxy statement/prospectus that will be included in the registration statement on Form S-4 that Fifth Third intends to file with the Securities and Exchange Commission in connection with the Merger.

The consummation of the Merger is contingent upon the satisfaction of a number of conditions, including stockholder and regulatory approvals, that may be outside either party’s control and that either party may be unable to satisfy or obtain or which may delay the consummation of the Merger or result in the imposition of conditions that could reduce the anticipated benefits from the Merger or cause the parties to abandon the Merger.

Consummation of the Merger is contingent upon the satisfaction of a number of conditions, some of which are beyond either party’s control, including, among others:

•adoption of the Merger Agreement by the Corporation’s stockholders and approval of the issuance of shares of Fifth Third common stock by Fifth Third’s shareholders;

•authorization for listing on the NASDAQ of the shares of Fifth Third common stock (and depositary shares in respect of new Fifth Third preferred stock) to be issued in connection with the Merger;

•the receipt of required regulatory approvals;

•effectiveness of the registration statement on Form S-4 to be filed by Fifth Third in connection with the Merger; and

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•the absence of any order, injunction, decree or other legal restraint preventing the completion of the Merger or any of the other transactions contemplated by the Merger Agreement.

Each party’s obligation to complete the Merger is also subject to certain additional customary conditions, including:

•subject to certain exceptions, the accuracy of the representations and warranties of the other party;

•performance in all material respects by the other party of its obligations under the Merger Agreement; and

•receipt by such party of an opinion from its counsel to the effect that the Corporation’s merger with and into Fifth Third Financial Corporation will qualify as a “reorganization” within the meaning of Section