Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 150

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 4
Chunk 150
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ger is contingent upon the satisfaction of a number of conditions, including stockholder and regulatory approvals, that may be outside either party’s control and that either party may be unable to satisfy or obtain or which may delay the consummation of the Merger or result in the imposition of conditions that could reduce the anticipated benefits from the Merger or cause the parties to abandon the Merger.

Consummation of the Merger is contingent upon the satisfaction of a number of conditions, some of which are beyond either party’s control, including, among others:

•adoption of the Merger Agreement by the Corporation’s stockholders and approval of the issuance of shares of Fifth Third common stock by Fifth Third’s shareholders;

•authorization for listing on the NASDAQ of the shares of Fifth Third common stock (and depositary shares in respect of new Fifth Third preferred stock) to be issued in connection with the Merger;

•the receipt of required regulatory approvals;

•effectiveness of the registration statement on Form S-4 to be filed by Fifth Third in connection with the Merger; and

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•the absence of any order, injunction, decree or other legal restraint preventing the completion of the Merger or any of the other transactions contemplated by the Merger Agreement.

Each party’s obligation to complete the Merger is also subject to certain additional customary conditions, including:

•subject to certain exceptions, the accuracy of the representations and warranties of the other party;

•performance in all material respects by the other party of its obligations under the Merger Agreement; and

•receipt by such party of an opinion from its counsel to the effect that the Corporation’s merger with and into Fifth Third Financial Corporation will qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended.

These conditions to the closing of the Merger may not be fulfilled in a timely manner, or at all, and, accordingly, the Merger may not be completed. In addition, the parties can mutually decide to terminate the Merger Agreement at any time, before or after receipt of the requisite approvals by our shareholders or Fifth Third’s shareholders, or either party may elect to terminate the Merger Agreement in certain other circumstances.

As a condition to granting required regulatory approvals, governmental entities may impose conditions, limitations or costs, require divestitures or place restrictions on the conduct of the combined company after the closing of the Merger. Such conditions or changes and the process of obtaining regulatory approvals could, among