Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 384

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 384
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 often referred to as variable interest entities, which would have been established for the purpose of facilitating off -balancesheet arrangements. Cohen Circle has not entered into any off -balancesheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non -financialassets. Contractual Obligations Cohen Circle does not have any long -termdebt, capital lease obligations, operating lease obligations or long -termliabilities, other than an agreement to pay an aggregate of $25,000 per month for office space, utilities and shared personnel support services and to pay our Chief Financial Officer, R. Maxwell Smeal, $12,500 per month. The underwriters were entitled to a cash underwriting discount of $0.20 per Unit or $4,000,000 in the aggregate, which was paid upon the closing of the Initial Public Offering, on October 15, 2024. In addition, the underwriters are entitled to a deferred fee of (i) $0.40 per Unit of the gross proceeds of the initial 20,000,000 Units sold in the Initial Public Offering, or $8,000,000 and (ii) $0.60 per Unit of the gross proceeds from the Units sold pursuant to the over -allotmentoption, or $1,800,000, an aggregate of $9,800,000. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that Cohen Circle completes a Business Combination, subject to the terms of the underwriting agreement. On July 10, 2025, Cohen Circle and Kyivstar Group Ltd. entered into non -redemptionagreements (each, a “Non -RedemptionAgreement”) with one or more unaffiliated third parties (the “Investors”) in exchange for such third party or third parties agreeing to vote in favor of the Business Combination and not to redeem certain public Cohen Circle Class A Ordinary Shares, $0.0001 par value per share of Cohen Circle sold in its initial public offering (the “Non -RedeemedShares”) at the Cohen Circle EGM. In exchange for the foregoing commitments not to redeem such Non -RedeemedShares, Kyivstar Group Ltd. will issue a number of Kyivstar Group Ltd. Common Shares equal to the number of Cohen Circle Class A Ordinary Shares held by eligible Cohen Circle shareholders on the Closing Date immediately before the Sale Effective Time multiplied by 0.15