Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 103

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 103
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 the pendency of the merger and thereafter; |

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TABLE OF CONTENTS

| • | the restrictions on the conduct of Cadence’s business during the period between execution of the merger agreement and the consummation of the merger, which could potentially delay or prevent Cadence from undertaking business opportunities that might arise or certain other actions it might otherwise take with respect to its operations absent the pendency of the merger; |

| • | the potential effect of the merger on Cadence’s overall business, including its relationships with customers, employees, suppliers and regulators; |

| • | the fact that Cadence’s shareholders would not be entitled to appraisal or dissenters’ rights in connection with the merger; |

| • | the possibility of encountering difficulties in achieving cost savings and synergies in the amounts currently estimated or within the time frame currently contemplated; |

| • | certain anticipated merger-related costs that Cadence expects to incur, including a number of non-recurring costs in connection with the merger even if the merger is not ultimately consummated, including a potential $296 million termination fee if the merger agreement is terminated by Huntington under certain circumstances; |

| • | the regulatory and other approvals required in connection with the merger and the risk that such regulatory approvals will not be received or will not be received in a timely manner or may impose burdensome or unacceptable conditions; |

| • | the potential for legal claims challenging the merger or the decision of the Cadence board of directors to pursue and effect the merger; |

| • | the risk that the merger may not be completed despite the combined efforts of Cadence and Huntington or that completion may be unduly delayed, including as a result of delays in obtaining the required regulatory approvals; |

| • | the fact that the exchange ratio provides for a fixed number of shares of Huntington common stock and, as such, Cadence shareholders cannot be certain, at the time of the Cadence special meeting, of the market value of the merger consideration they will receive; |

| • | the other numerous risks and uncertainties that could adversely affect Cadence’s and Huntington’s respective operating performance and financial results; and |

| • | the other risks described under the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements.” |

The foregoing discussion of the information and factors considered by the Cadence board of directors is not intended to be exhaustive, but includes the material factors considered by the board. In reaching its decision to adopt the merger agreement and approve the merger and the other arrangements contemplated by