Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 156

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 156
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 of the underwriters of the IPO against certain liabilities, including liabilities under the Securities Act. Moreover, even in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsors will not be responsible to the extent of any liability for such third -partyclaims. Cohen Circle has not independently verified whether the Sponsors have sufficient funds to satisfy its indemnity obligations and Cohen Circle has not asked the Sponsors to reserve for such indemnification obligations. Therefore, Cohen Circle cannot assure you that the Sponsors would be able to satisfy those obligations. None of Cohen Circle’s officers will indemnify us for claims by third parties including, without limitation, claims by vendors and prospective target businesses. Additionally, if Cohen Circle is forced to file a bankruptcy case or an involuntary bankruptcy case is filed against Cohen Circle which is not dismissed, or if Cohen Circle otherwise enters compulsory or court -supervisedliquidation, then the proceeds held in the Trust Account could be subject to applicable bankruptcy law and may be included in Cohen Circle’s bankruptcy estate and subject to the claims of third parties with priority over the claims of Cohen Circle’s shareholders. To the extent any bankruptcy claims deplete the Trust Account, Cohen Circle may not be able to return to Cohen Circle Public Shareholders $10.05 per share (which was the offering price in the initial public offering). If Cohen Circle files a bankruptcy petition or an involuntary bankruptcy petition is filed against Cohen Circle , a bankruptcy court may seek to recover distributed proceeds from the Trust Account . If, after Cohen Circle distributes the proceeds in the Trust Account to Cohen Circle Public Shareholders, Cohen Circle files a bankruptcy petition or an involuntary bankruptcy petition is filed against Cohen Circle that is not dismissed, any distributions received by shareholders could be viewed under applicable debtor/creditor and/or bankruptcy laws as either a “preferential transfer” or a “fraudulent conveyance.” As a result, a bankruptcy court could seek to recover all amounts received by Cohen Circle shareholders. In addition, the Cohen Circle Board may be viewed as having breached its fiduciary duty to Cohen Circle’s creditors and/or having acted in bad faith, thereby exposing it and Cohen Circle to claims of punitive damages, for paying public shareholders from the Trust Account prior to addressing the claims of creditors. Cohen Circle cannot assure you that claims will not be brought against Cohen Circle for these reasons. If, before distributing the proceeds in the Trust Account to Cohen Circle Public Shareholders, Cohen Circle files a bankruptcy petition or an involuntary bankruptcy petition is filed against Cohen Circle that