Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 59

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 59
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, holders of Cadence common stock cannot be certain of the market value of the merger consideration they will receive .

In the merger, each share of Cadence common stock issued and outstanding immediately prior to the effective time (other than certain shares held by Huntington or Cadence) will be converted into 2.475 shares of Huntington common stock. This exchange ratio is fixed and will not be adjusted for changes in the market price of either Huntington common stock or Cadence common stock. Changes in the price of Huntington common stock prior to the merger will affect the market value that holders of Cadence common stock will receive in the merger. Neither Huntington nor Cadence is permitted to terminate the merger agreement as a result, in and of itself, of any increase or decrease in the market price of Huntington common stock or Cadence common stock.

Stock price changes may result from a variety of factors, including general market and economic conditions, impacts and disruptions resulting from changes in Huntington’s or Cadence’s businesses, operations and prospects and regulatory considerations, many of which factors are beyond Huntington’s or Cadence’s control. Therefore, at the time of the Huntington special meeting and the Cadence special meeting, holders of Huntington common stock and holders of Cadence common stock will not know the market value of the consideration to be received by holders of Cadence common stock at the effective time. You should obtain current market quotations for shares of Huntington common stock and for shares of Cadence common stock.

The market price of Huntington common stock after the merger may be affected by factors different from those affecting the shares of Cadence common stock or Huntington common stock currently .

In the merger, holders of Cadence common stock will become holders of Huntington common stock. Huntington’s business differs from that of Cadence. Accordingly, the results of operations of Huntington and the market price of Huntington common stock after the completion of the merger may be affected by factors different from those currently affecting the independent results of operations of each of Huntington and Cadence. For a discussion of the businesses of Huntington and Cadence and of certain factors to consider in connection with those businesses, see the documents incorporated by reference in this joint proxy statement/prospectus and referred to under “Where You Can Find More Information” beginning on page 162 .

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The Huntington Parties and Cadence are expected to incur substantial costs related to the merger and integration. If the merger is not completed, Huntington and Cadence will have incurred substantial expenses without realizing the expected benefits of the merger .