Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 62

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 62
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 For a discussion of the business of Mechanics and of certain factors to consider in connection with its business, please review this proxy statement/prospectus/consent solicitation statement, including the sections entitled “ Management’s Discussion and Analysis of Financial Condition and Results of Operations ” and “ Risks Relating to Mechanics’ Business ”.

**Future sales of shares by existing stockholders could cause the combined company’s stock price to decline.**

If existing HomeStreet shareholders and Mechanics shareholders sell, or indicate an intention to sell, substantial amounts of the combined company’s stock in the public market after the merger, then the trading price of the combined company’s stock could decline. Based on shares outstanding as of March 31, 2025 (without accounting for any equity awards of HomeStreet or Mechanics), upon completion of the merger (after giving effect to the exchange ratios), the combined company is expected to have outstanding a total of approximately 220.9 million shares of common stock. Of these shares, only approximately 59.2 million shares of the combined company’s common stock will be freely tradable, without restriction, in the public market (assuming each share of class B common stock has converted into ten shares of Class A common stock).

Upon the registration of the shares held by the Ford Entities and Rabobank (and assuming each share of class B common stock has converted into ten shares of Class A common stock), approximately 192.8 million shares of the combined company’s common stock will become eligible for sale in the public market pursuant to such registration. If these additional shares are sold, or if it is perceived that they will be sold, in the public market, the trading price of the combined company’s common stock could decline.

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**The opinion delivered by KBW to the HomeStreet board of directors in connection with the merger agreement will not reflect any changes in circumstances that may have occurred since the date of such opinion.**

The opinion of KBW, HomeStreet’s financial advisor, to the HomeStreet board of directors, was delivered on and dated March 28, 2025. Changes in the operations and prospects of HomeStreet or Mechanics, general market and economic conditions and other factors which may be beyond the control of HomeStreet and Mechanics may have altered the value of HomeStreet or Mechanics or the prices of shares of HomeStreet common stock as of the date of this proxy statement/prospectus/consent solicitation statement or may alter such values and prices by the effective time