Company: HBAN
Filing Date: 2025-07-21
Form Type: S-4
Source: 0001140361-25-026508
Chunk: 134

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-21
Form: S-4
Chunk 134
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 as follows:

| • | you will not recognize gain or loss when you exchange your Veritex common stock solely for Huntington common stock, except with respect to any cash received instead of a fractional share of Huntington common stock; |

| • | your aggregate tax basis in the Huntington common stock that you receive in the merger (including any fractional share interest you are deemed to receive and exchange for cash) will equal your aggregate tax basis in the Veritex common stock you surrender; and |

| • | your holding period for the Huntington common stock that you receive in the merger (including any fractional share interest you are deemed to receive and exchange for cash) will include your holding period for the shares of Veritex common stock that you surrender in the exchange. |

If you acquired different blocks of Veritex common stock at different times and at different prices, your tax basis and holding period in your Huntington common stock may be determined with reference to each block of Veritex common stock. Cash Instead of Fractional Shares If you receive cash instead of a fractional share of Huntington common stock, you will be treated as having received the fractional share of Huntington common stock pursuant to the merger and then as having exchanged that fractional share for cash in redemption by Huntington. You will generally recognize capital gain or loss on any cash received instead of a fractional share of Huntington common stock equal to the difference between the amount of cash received and the tax basis allocated to such fractional share. Any capital gain or loss will constitute long-term capital gain or loss if your holding period in Veritex common stock surrendered in the merger is greater than one (1) year as of the effective time of the merger. Closing Condition Tax Opinions It is a condition to the closing of the merger that Huntington and Veritex will receive opinions from Wachtell, Lipton, Rosen & Katz (or other nationally recognized tax counsel) and Simpson Thacher & Bartlett LLP (or other nationally recognized tax counsel), respectively, dated as of the closing date of the merger, to the effect that the merger will qualify as a “reorganization” within the meaning of section 368(a) of the Code. These opinions will be based on representation letters provided by Huntington and Veritex to be delivered at closing of the merger, and on certain customary factual assumptions. Neither of these tax opinions will be binding on the Internal Revenue Service (the “IRS”). Huntington and Veritex have not and do not intend to seek any ruling from the IRS regarding any matters relating to the merger,