Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 103

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 103
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as the surviving company. Merger Sub I has not carried on any activities other than in connection with the first merger. Merger Sub I’s registered office is located at Canon’s Court, 22 Victoria Street, Hamilton Pembroke HM12, Bermuda.

#### Ranger Merger Sub 2 LLC
Ranger Merger Sub 2 LLC, which we refer to as Merger Sub II, is a Delaware limited liability company and a direct wholly owned subsidiary of Bermuda NewCo. Merger Sub II was incorporated on December 20, 2024, solely for the purposes of effecting the second merger. Pursuant to the combination agreement, Merger Sub II will be merged with and into US NewCo, with US NewCo continuing as the surviving entity. Merger Sub II has not carried on any activities other than in connection with the second merger. Merger Sub II’s registered office is located at 1209 Orange Street, Wilmington, DE 19801, New Castle County.

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### THE MAIDEN SPECIAL MEETING
This section contains information about the Maiden special meeting that has been called to consider and approve the voting cutback proposal, the first merger approval bye-law proposal, the first merger resolution, the adjournment proposal, the Bermuda NewCo equity plan proposal and the advisory vote on merger-related compensation proposal.

This proxy statement/prospectus is being furnished to Maiden shareholders in connection with the solicitation of proxies by the Maiden board for use at the Maiden special meeting. Maiden is first mailing this proxy statement/prospectus and accompanying proxy card to its shareholders on or about , 2025.

#### Date, Time and Location
A special meeting of the shareholders of Maiden will be held at Rosewood Bermuda, 60 Tucker’s Point Drive, Hamilton Parish HS 02, Bermuda on , 2025 at 3:00 p.m., Atlantic Standard Time, unless the Maiden special meeting is adjourned or postponed.

#### Purpose
At the Maiden special meeting, Maiden shareholders will be asked to consider and vote upon the following matters:

•

to approve the voting cutback proposal, being the amendment of Bye-Law 1.1. and Bye-Law 33 of the Maiden bye-laws to remove the 9.5% voting limitation contained therein;

•

to approve the first merger approval bye-law proposal, being the amendment of the Maiden bye-laws to require that the