Company: HBAN
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001140361-25-031511
Chunk: 67

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-15
Form: 424B3
Chunk 67
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itex board of directors. In reaching its decision to adopt the merger agreement and approve the merger and the other transactions contemplated by the merger agreement, the Veritex board of directors did not quantify or assign any relative weights to the factors considered, and individual directors may have given different weights to different factors. The Veritex board of directors considered all these factors as a whole in evaluating the merger agreement, the merger and the other transactions contemplated by the merger agreement. For the reasons set forth above, the Veritex board of directors determined that the merger agreement and the transactions contemplated by the merger agreement are advisable and fair to and in the best interests of Veritex and its shareholders, and adopted the merger agreement and approved the merger and the other transactions contemplated by the merger agreement. In considering the recommendation of the Veritex board of directors, you should be aware that certain directors and executive officers of Veritex may have interests in the merger that are different from, or in addition to, interests of shareholders of Veritex generally and may create potential conflicts of interest. The Veritex board of directors was aware of these interests and considered them when evaluating, negotiating and improving the merger agreement, the merger and the other transactions contemplated by the merger agreement, and in recommending to Veritex’s shareholders that they vote in favor of the Veritex merger proposal. See “The Merger—Interests of Veritex’s Directors and Executive Officers in the Merger.”

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It should be noted that this explanation of the reasoning of the Veritex 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 22. For the reasons set forth above, the Veritex board of directors unanimously recommends that the holders of Veritex common stock vote “FOR” the Veritex merger proposal and “FOR” the other proposals to be considered at the Veritex special meeting. Opinion of Veritex’s Financial Advisor Veritex engaged KBW to render financial advisory and investment banking services to Veritex, including an opinion to the Veritex board of directors as to the fairness, from a financial point of view, to the common shareholders of Veritex of the exchange ratio in the proposed merger. Veritex selected KBW because KBW is a nationally recognized investment banking firm with substantial experience in transactions similar to