Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 331

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 331
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GM, then the non -managingsponsor investors will potentially have different interests than Cohen Circle’s other public shareholders in approving the initial business combination and otherwise exercising their rights as public shareholders because of their indirect ownership of Founder Shares. For illustrative purposes, as of, 2025, the amount in the Trust Account was approximately $million, or approximately $per Public Share. 173 The redemption rights will include the requirement that a beneficial holder must identify itself in order to validly redeem its shares. There will be no redemption rights upon the completion of the Business Combination with respect to Cohen Circle Warrants. Further, Cohen Circle will not proceed with redeeming the Public Shares, even if a Public Shareholder has properly elected to redeem its shares, if the Business Combination does not close. Initial Shareholders and each member of Cohen Circle’s management team have agreed to waive their redemption rights with respect to any Founder Shares and Public Shares held by them in connection with the Business Combination and the Transactions. The Founder Shares will be excluded from the pro rata calculation used to determine the per share redemption price applicable to Public Shares that are redeemed. For more information regarding redemption rights in connection with the Business Combination and the procedures to be followed if you wish to redeem your shares for cash in connection with the Business Combination, see the section in this proxy statement/prospectus entitled “ The Extraordinary General Meeting of Cohen Circle — Redemption Rights.” Limitation on Redemptions Notwithstanding the foregoing, if Cohen Circle seeks shareholder approval of an initial business combination and it does not conduct redemptions in connection with its initial business combination pursuant to the tender offer rules, Cohen Circle’s amended and restated memorandum and articles of association will provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from seeking redemption rights with respect to Excess Shares. Cohen Circle believes this restriction will discourage shareholders from accumulating large blocks of shares, and subsequent attempts by such holders to use their ability to exercise their redemption rights against a proposed business combination as a means to force Cohen Circle or its sponsor or its affiliates to purchase their shares at a significant premium to the then -currentmarket price or on other undesirable terms. Absent this provision, a public shareholder holding more than an aggregate of 15% of the shares sold in its initial public offering could threaten to exercise its redemption rights if such holder’s shares are not purchased by Cohen Circle