Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 462

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 462
---
 •the fact that Cohen Circle’s officers and directors have not received any cash compensation in relation to the Business Combination. Determinations with respect to director and executive compensation after the Closing have not yet been made; •the fact that the Business Combination Agreement provides for the continued indemnification of some of Cohen Circle’s existing directors and officers and the continuation of our directors’ and officers’ liability insurance after the Business Combination; and •the fact that Kyivstar Group Ltd. will enter into a registration rights agreement with Cohen Circle’s initial shareholders, which provides for customary registration rights to them and their permitted transferees. Anticipated Accounting Treatment of the Business Combination The Business Combination will be accounted for as a capital reorganization, in accordance with IFRS. Under this method of accounting, Cohen Circle will be treated as the “acquired” company for financial reporting purposes, and Kyivstar Group Ltd. will be the accounting “acquirer.” The net assets of Cohen Circle will be stated at historical cost, with no goodwill or other intangible assets recorded. Please see the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information — Accounting Treatment of the Business Combination” included elsewhere in this proxy statement/prospectus for additional information. Sources and Uses of Funds for the Business Combination Under the Business Combination Agreement, the Business Combination will not be consummated unless all closing conditions are satisfied or, as applicable, waived. Assuming maximum redemptions by Cohen Circle Public Shareholders not subject to non -redemptioncommitments pursuant to the Non -RedemptionAgreements, and based on the assumptions set forth under the section of this proxy statement/prospectus titled “ Frequently Used Terms and Basis of Presentation,” it is anticipated that the securities of Kyivstar Group Ltd. issued and outstanding immediately following the Closing would be worth approximately $2.26billion. As of June30, 2025, Cohen Circle had $238,271,514 held in the Trust Account. Cohen Circle intends to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned (less income taxes payable), to complete the Business Combination, after payment to Cohen Circle Public Shareholders who have validly redeemed their Cohen Circle Public Shares upon the consummation of the Business Combination. Any remaining amount will be held in a segregated bank account designated by Kyivstar Group Ltd. for its immediate use in accordance with the Business Combination Agreement. To finance transaction costs in connection with the Business Combination, or in connection with additional deposits into the Trust