Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 57

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 57
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2025.

Holders of Cadence common stock and holders of Huntington common stock should carefully read and consider all of these risks and all other information contained in this joint proxy statement/prospectus, including the discussions of risk factors included in the documents incorporated by reference in this joint proxy statement/prospectus, in deciding whether to vote for approval of the various proposals for which they may be entitled to vote at the Cadence special meeting or the Huntington special meeting described herein. The risks described in this joint proxy statement/prospectus and in those documents incorporated by reference may adversely affect the value of Huntington common stock that you, as an existing Huntington shareholder, currently hold or that you, as an existing holder of Cadence common stock, will hold upon consummation of the merger, and could result in a significant decline in the value of Huntington common stock and cause the current holders of Huntington common stock and/or the holders of Cadence common stock to lose all or part of the value of their respective investments in Huntington common stock.

Because the market price of Huntington common stock will fluctuate, holders of Cadence common stock cannot be certain of the market value of the merger consideration they will receive .

In the merger, each share of Cadence common stock issued and outstanding immediately prior to the effective time (other than certain shares held by Huntington or Cadence) will be converted into 2.475 shares of Huntington common stock. This exchange ratio is fixed and will not be adjusted for changes in the market price of either Huntington common stock or Cadence common stock. Changes in the price of Huntington common stock prior to the merger will affect the market value that holders of Cadence common stock will receive in the merger. Neither Huntington nor Cadence is permitted to terminate the merger agreement as a result, in and of itself, of any increase or decrease in the market price of Huntington common stock or Cadence common stock.

Stock price changes may result from a variety of factors, including general market and economic conditions, impacts and disruptions resulting from changes in Huntington’s or Cadence’s businesses, operations and prospects and regulatory considerations, many of which factors are beyond Huntington’s or Cadence’s control. Therefore, at the time of the Huntington special meeting and the Cadence special meeting, holders of Huntington common stock and holders of Cadence common stock will not know the market value of the consideration to be received by holders of Cadence common stock at the effective time. You should obtain current market quotations for shares of Huntington common stock and for shares of Cadence common stock.

The market price