Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 60

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 60
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 voting common stock issued and outstanding immediately prior to the effective time, subject to certain exceptions, will be converted into the right to receive 3,301.0920 shares of Class A common stock. Further, upon the terms and subject to the conditions set forth in the merger agreement, at the effective time, each share of Mechanics non-voting common stock issued and outstanding immediately prior to the effective time, will be converted into the right to receive 330.1092 shares of Class B common stock. These exchange ratios are fixed and will not be adjusted for changes in the market price of HomeStreet common stock. Changes in the price of HomeStreet common stock between now and the effective time will affect the value that Mechanics shareholders will receive in the merger. Neither HomeStreet nor Mechanics is permitted to terminate the merger agreement as a result of any increase or decrease in the market price of HomeStreet common stock in and of itself.

Stock price changes may result from a variety of factors, including general market and economic conditions, changes in HomeStreet’s and Mechanics’ businesses, operations and prospects, the performance of peer companies and other financial companies, volatility in the prices of securities in global financial markets, including the market prices of HomeStreet, Mechanics and other banking companies, the effects of pandemics, government policies (including the imposition of tariffs and retaliatory responses), severe weather events, natural disasters such as earthquakes and wildfires and changes in regulatory factors and tax laws, many of which are beyond HomeStreet’s and Mechanics’ control. Therefore, at the time of the HomeStreet special meeting and the time Mechanics shareholders deliver their written consents, HomeStreet shareholders and Mechanics shareholders will not know the market value of the merger consideration that Mechanics shareholders will receive at the effective time or the value of the stock that HomeStreet shareholders will retain. You should obtain current market quotations for shares of HomeStreet common stock (Nasdaq: HMST). Mechanics is a private company and there is no established public trading market for Mechanics common stock. Any over-the-counter market quotations of Mechanics common stock reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.

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**Events impacting the financial services industry may adversely affect the businesses of HomeStreet, Mechanics and the combined company, the ability of the parties to obtain the requisite regulatory approvals and the market price of HomeStreet common stock.**

Negative developments and events in the financial services industry, including the large-scale deposit withdrawals over