Company: KYIV
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093621
Chunk: 108

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 108
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 share. This reflects an income of $1million and an increase in cash from marketable securities held in the Trust Account of $1million, as well as an increase in debts and derivatives by $1million and a charge in accumulated deficit by $1million. The difference between the redemption liability and the Cohen Circle Class A Ordinary Share value in the statement of financial position is due to the difference between total interests accrued on the Trust Account as of June30, 2025 and expected total interests to be accrued up to the Closing Date. A2.To reflect the release of $238 million cash from marketable securities held in the Trust Account to cash and cash equivalents that becomes available at Closing of the Business Combination. The reclassification comes after the increase of additional income of $1million from the Trust Account investments from June30, 2025 up to the Closing Date. B.To reflect the recapitalization of VEON Holdings through: B1.As a result of the Pre -ClosingReorganization, the equity of VEON Holdings on the assumed date of the Pre -ClosingReorganization is contributed to Kyivstar Group Ltd., which consists of all the aggregate issued capital, in VEON Holdings to Kyivstar Group Ltd. of $3,290 million. B2. i.The issuance of 206,942,440 Kyivstar Group Ltd. Common Shares. ii.The repayment of $124 million to the Seller, leaving up to $10 million of cash within Kyivstar Group Ltd. C.To reflect the redemptions of 5,847,015 Cohen Circle Class A Ordinary Shares, resulting in reductions of subscribed shares of 5,847,015, capital reserves of $61 million and cash of $61 million, resulting into a remaining balance of capital reserves of $178 million in connection with this pro forma adjustment and the elimination of the adjusted historical accumulated deficit of Cohen Circle of $38million. D.Reflects the exchange of 3,971,515 Cohen Circle Class B Ordinary Shares (representing the excess of: (i) 7,905,000 Founder Shares, over (ii) the sum of (a) 2,609,647 Forfeited Sponsor Shares and (b) 1,323,838 Vesting Securities) into the same number of Cohen Circle Class A Ordinary Shares with a par value of $0.0001 pursuant to the Business Combination Agreement. E. Reflects the estimated share based contingent payments of 1,323,838 Vesting Securities to be granted, based