Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 20

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 20
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, in accordance with (i), the Merger Consideration in accordance with and (ii) any dividends or other distributions with a record date prior
to the Effective Time which have been declared by the Company in accordance with this Agreement (including the terms and conditions of ) and which remain unpaid at the Effective Time.

(d) Each share of common stock, without par value, of Merger Sub (the “”) issued and outstanding
immediately prior to the Effective Time shall be converted into and become one fully paid and non-assessable share of common stock, without par value, of the Surviving Corporation.

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2.2 . Notwithstanding anything in this Agreement to the contrary,
if, from the date of this Agreement until the Effective Time, the outstanding shares of Parent Common Stock or Company Common Stock shall have been changed into a different number of shares or a different class by reason of any reclassification,
stock split (including a reverse stock split), recapitalization, split-up, combination, exchange of shares, readjustment, or other similar transaction, or a stock dividend or stock distribution thereon shall
be declared with a record date within said period, the applicable Merger Consideration and the Exchange Ratio and any other similarly dependent items, as the case may be, shall be equitably adjusted to provide the holders of Company Common Stock the
same economic effect as contemplated by this Agreement prior to such event.

2.3 . No fractional shares of Parent
Common Stock shall be issued in the Merger, but in lieu thereof each holder of Company Common Stock otherwise entitled to a fractional share of Parent Common Stock pursuant to will be entitled to receive,
from the Exchange Agent in accordance with the provisions of this , a cash payment (rounded down to the nearest cent) in lieu of such fractional share of Parent Common Stock determined by multiplying (a) the
volume-weighted average closing sales price of the Parent Common Stock on the NYSE as reported by The Wall Street Journal for the consecutive five full trading days ending on the day preceding the Closing Date and (b) the fraction of a
share (after taking into account all shares of Company Common Stock held by such holder immediately prior to the Effective Time and rounded to the nearest one-thousandth when expressed in decimal form) of
Parent Common Stock which such holder would otherwise be entitled to receive pursuant to this Agreement (the “”). The Company and Parent acknowledge that payment of the cash consideration in lieu of
issuing fractional shares of Parent Common Stock was not separately bargained-for consideration