Company: KYIV
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093621
Chunk: 20

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 20
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 direct, wholly owned subsidiary of Kyivstar Group Ltd., •the merger of Merger Sub with and into Cohen Circle upon the terms and subject to the conditions set forth in the Business Combination Agreement and the Plan of Merger and in accordance with the Companies Act (As Revised) of the Cayman Islands (the “Merger”), with Cohen Circle continuing as the surviving company of the Merger and a direct, wholly owned subsidiary of Kyivstar Group Ltd. and •the other transactions contemplated by the Business Combination Agreement. Prior to Closing, a total of 5,847,015 Cohen Circle ordinary shares were redeemed for a value of approximately $60.8 million, resulting in a total of 17,152,985 Cohen Circle public ordinary shares remaining issued and outstanding as of the Closing Date. As of August 14, 2025, subsequent to Closing, there were 230,863,523 Kyivstar Group Ltd. Common Shares outstanding. Pursuant to the Business Combination Agreement, at the Closing, Kyivstar Group Ltd., the Sponsors and the Seller (the Sponsors and the Seller collectively, the “Registration Rights Holders”), entered into a registration rights agreement (the “Registration Rights Agreement”), pursuant to which Kyivstar Group Ltd. agreed to register for resale the Kyivstar Group Ltd. Common Shares held by Sponsors and the Seller. Pursuant to the Registration Rights Agreement, the Sponsors and the Seller have customary registration rights, including demand and piggy -backrights, subject to cooperation and cut back provisions with respect to Kyivstar Group Ltd. Common Shares held by such parties following the consummation of the Business Combination. The Registration Rights Agreement will terminate on the earlier of (a) the five year anniversary of the date of the Registration Rights Agreement or (b) with respect to any Registration Rights Holder, on the date that such Holder no longer holds any Registrable Securities (as defined therein). The Kyivstar Group Ltd. Common Shares that are the subject of the registration rights granted to the Sponsor and the Seller under the Registration Rights Agreement are being offered hereunder. On July 9, 2025 and July10, 2025, Kyivstar Group Ltd., Cohen Circle and certain holders of Cohen Circle Class A Ordinary Shares (the “Non -RedeemingShareholders”) prior to Closing, entered into non -redemptionagreements (the “Non -RedemptionAgreements”), pursuant to which an aggregate of 757,745 Common Shares were issued to the Non -