Effective Feb 1, 2026, Huntington completed its acquisition of Cadence — Cadence merged into The…
Filed with the SEC on · Summarized by InvestorsBot
Effective Feb 1, 2026, Huntington completed its acquisition of Cadence — Cadence merged into The Huntington National Bank and ceased as a separate entity. Total consideration ≈462M shares of Huntington common stock issued. $HBAN 🏦 #M&A #Banking
Cadence common stock converted at an exchange ratio of 2.475 Huntington shares per Cadence share; fractional shares paid in cash. Cadence 5.50% Series A preferred converted into Huntington Series L depositary shares (1/1000). $HBAN 🔁💰 #Shares #Preferred
Cadence equity awards converted to Huntington awards; non‑employee director RSUs accelerated with dividend equivalents paid. PSUs deemed earned at 110% (2023), 176.9% (2024) and 100% (2025). S‑4 registration declared effective Dec 3, 2025. $HBAN 📑 #Compensation #SEC