Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 59

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 59
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Street common stock is currently listed on Nasdaq under the symbol “HMST.” The following table shows the closing price of HomeStreet’s common stock on March 28, 2025, the last trading day prior to the public announcement of the merger, and the closing price of HomeStreet’s common stock on [ ], the last practicable trading day before the printing of this proxy statement/prospectus/consent solicitation statement, in each case as reported on Nasdaq. This table also shows the implied value of the merger consideration to be issued in exchange for each share of Mechanics voting common stock, which was calculated by multiplying the closing price of HomeStreet common stock on those dates by the Class A exchange ratio of 3,301.0920. Because the market price of HomeStreet common stock is subject to fluctuation, the market value of the shares of HomeStreet common stock that Mechanics shareholders will be entitled to receive in the merger may increase or decrease.

|                |     | HomeStreet 
     common 
      stock |     |       Implied value 
        of one share 
        of Mechanics 
 voting common stock |
| March 28, 2025 |     |     $ 9.30 |     |          $30,700.16 |
| [ ], 2025      |     |       $[ ] |     |                $[ ] |

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Mechanics is a private company and there is no established public trading market for its 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. The table also shows the amount of cash dividends declared per share of HomeStreet common stock and per share of Mechanics common stock for the calendar quarters indicated. The information in the table below is historical only. HomeStreet does not anticipate paying any cash dividends on its common stock in the foreseeable future. Although Mechanics has returned capital to its shareholders in the past via cash dividends, any future determination to declare cash dividends on Mechanics’ shares, or the shares of the combined company’s common stock, will be made at the discretion of its board of directors, subject to applicable law and contractual restrictions and will depend on its financial condition, results of operations, capital requirements, general business conditions, regulatory restrictions and other factors that its board of directors may deem relevant.

|                |     | Cash dividends per share of 
     HomeStreet common stock |     | Cash