Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 9

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 9
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 a Bermuda exempted company limited by shares, currently a direct wholly owned subsidiary of Maiden;

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“Bermuda NewCo board” means the board of directors of Bermuda NewCo following consummation of the transaction;

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“Bermuda NewCo bye-laws” means the amended and restated bye-laws of Bermuda NewCo, which is included as Exhibit 3.3 to the registration statement of which this proxy statement/prospectus is a part;

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“Bermuda NewCo equity plan proposal” means the proposal to approve the Bermuda NewCo equity plan;

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TABLE OF CONTENTS

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“Bermuda NewCo memorandum of association” means the memorandum of association and certificate of deposit of memorandum of increase of share capital of Bermuda NewCo, which are included as Exhibit 3.2 to the registration statement of which this proxy statement/prospectus is a part;

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“closing” means the closing of the transaction;

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“Code” means the U.S. Internal Revenue Code of 1986, as amended;

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“combination” refers collectively to the Kestrel contribution and the mergers;

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“combination agreement” means the Combination Agreement, dated as of December 29, 2024, by and among Kestrel, the Kestrel equityholders, Maiden, US NewCo, Merger Sub I, Bermuda NewCo and Merger Sub II, as amended by the Letter Agreement, dated February 17, 2025, by and among Kestrel, the Kestrel equityholders, Maiden, US NewCo, Merger Sub I, Bermuda NewCo and Merger Sub II, and the Letter Agreement, dated March 24, 2025, by and among Kestrel, the Kestrel equityholders, Maiden, US NewCo, Merger Sub I, Bermuda NewCo and Merger Sub II, and as it may be further amended from time to time;

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“combined company” refers collectively to Bermuda NewCo and its subsidiaries, including Maiden and Kestrel, following completion of the combination;

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“Exchange Act” means the Securities Exchange Act of 1934, as amended;

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“paying agent” means Equiniti Trust Company, LLC (or such other bank or trust company reasonably acceptable to Maiden and Kestrel);

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“first merger” means the merger through which Merger Sub I merges with and into Maiden, with Maiden surviving the merger as a direct wholly owned subsidiary of US New