Event-Driven Investment Opportunities, Special Situation Investments

Dalius Tauraitis

Event-Driven Investment Opportunities

Special Situation Investments

Focus on event-driven trades and low risk arbitrage opportunities with short term catalysts

Event-Driven

ChoiceOne Financial Services I / Event-Driven

<ul><li>Fentura Financial is being acquired by ChoiceOne Financial Services at 1.35 COFS shares, with a 10% spread.</li><li>Merger requires shareholder and regulatory approval, with no significant risks anticipated; expected to close in Q1 2025.</li><li>FETM shareholders will own 41% of the combined entity; synergies estimated at $12 million, reducing acquisition PE to 7.2x.</li></ul>

Fentura Financial is being acquired by ChoiceOne Financial Services at 1.35 COFS shares, with a 10% spread.Merger requires shareholder and regulatory approval, with no significant risks anticipated; expected to close in Q1 2025.FETM shareholders will own 41% of the combined entity; synergies estimated at $12 million, reducing acquisition PE to 7.2x.

Community Bank Merger: Fentura Financial and ChoiceOne Financial Services Offer 10% Arbitrage Opportunity

United States

ChoiceOne Financial Services, Inc. is the holding company for ChoiceOne Bank and its subsidiaries. The Bank is a full-service banking institution that offers a variety of deposit, payment, credit, and other financial services to all types of customers located in Michigan. ChoiceOne also operates an insurance and a travel agency.

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