Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 103

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 103
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 Merger.”

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TABLE OF CONTENTS

It should be noted that this explanation of the reasoning of the Cadence board of directors and all other information presented in this section is forward-looking in nature and, therefore, should be read in light of the factors discussed in the section entitled “Cautionary Statement Regarding Forward-Looking Statements” on page 31. For the reasons set forth above, the Cadence board of directors unanimously recommends that the holders of Cadence common stock vote “FOR” the Cadence merger proposal and “FOR” the other proposals to be considered at the Cadence special meeting . Opinion of Huntington’s Financial Advisor Huntington retained Evercore to act as its financial advisor in connection with the merger. As part of this engagement, the Huntington board of directors requested that Evercore evaluate the fairness, from a financial point of view of the exchange ratio pursuant to the merger was fair, from a financial point of view to Huntington. At a meeting of the Huntington board of directors held on October 26, 2025, Evercore rendered to the Huntington board of directors its oral opinion, subsequently confirmed by delivery of a written opinion dated October 26, 2025, that as of the date of such opinion and based upon and subject to the assumptions, limitations, qualifications and conditions described in Evercore’s written opinion, the exchange ratio pursuant to the merger was fair, from a financial point of view, to Huntington. The full text of the written opinion of Evercore, dated October 26, 2025, which sets forth, among other things, the procedures followed, assumptions made, matters considered and qualifications and limitations on the scope of review undertaken in rendering its opinion, is attached as Annex B and is incorporated herein by reference into this joint proxy statement/prospectus in its entirety. The summary of the opinion of Evercore set forth below is qualified in its entirety by reference to the full text of the written opinion. You are urged to read Evercore’s opinion carefully and in its entirety. Evercore’s opinion was addressed to, and provided for the information and benefit of, the Huntington board of directors (solely in its capacity as such) in connection with its evaluation of the proposed merger. The opinion does not constitute a recommendation to the Huntington board of directors or to any other persons in respect of the merger, including as to how any holder of shares of Huntington common stock should vote or act in respect of the merger. Evercore’s opinion does not address the relative merits of the merger as compared to other business or