Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 63

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 63
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 without realizing the expected benefits of the merger.

Cadence will be subject to business uncertainties and contractual restrictions while the merger is pending .

Uncertainty about the effect of the merger on employees and customers may have an adverse effect on Cadence. These uncertainties may impair Cadence’s ability to attract, retain and motivate key personnel until the merger is completed, and could cause customers and others that deal with Cadence to seek to change existing business relationships with Cadence. In addition, subject to certain exceptions, Cadence has agreed to operate its business in the ordinary course prior to closing, and not to take certain actions, which could cause Cadence to be unable to pursue other beneficial opportunities that may arise prior to the completion of the merger. See the section entitled “The Merger Agreement—Covenants and Agreements” beginning on page 107 for a description of the restrictive covenants applicable to Huntington and Cadence.

The shares of Huntington common stock to be received by holders of Cadence common stock as a result of the merger will have different rights from the shares of Cadence common stock .

In the merger, holders of Cadence common stock will become holders of Huntington common stock and their rights as shareholders will be governed by Maryland law and the governing documents of Huntington. The

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rights associated with Huntington common stock are different from the rights associated with Cadence common stock. See the section entitled “Comparison of Shareholders’ Rights” beginning on page 145 for a discussion of the different rights associated with Huntington common stock.

Holders of Huntington common stock and Cadence common stock will have a reduced ownership and voting interest in Huntington after the merger and will exercise less influence over management .

Holders of Huntington common stock and Cadence common stock currently have the right to vote in the election of the board of directors and on other matters affecting Huntington and Cadence, respectively. When the merger is completed, each holder of Cadence common stock who receives shares of Huntington common stock will become a holder of Huntington common stock, with a percentage ownership of Huntington that is smaller than the holder’s percentage ownership of Cadence. Based on the number of shares of Huntington and Cadence common stock outstanding as of the close of business on the respective record dates, and based on the number of shares of Huntington common stock expected to be issued in the merger, the former holders of Cadence common stock, as a group, are estimated to own approximately twenty-three percent (23%) of the fully diluted shares of Huntington