Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 237

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 237
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 the date of this prospectus, up to 7,666,629 Kyivstar Group Ltd. Common Shares may be issued upon exercise of 7,666,629 outstanding Kyivstar Group Ltd. Warrants. All of the Kyivstar Group Ltd. Common Shares issued to holders of Cohen Circle Class A Ordinary Shares in connection with the Business Combination are freely transferable by persons other than by Kyivstar Group Ltd. “affiliates” without restriction or further registration under the Securities Act. Sales of substantial amounts of Kyivstar Group Ltd. Common Shares in the public market could adversely affect prevailing market prices of the Kyivstar Group Ltd. Common Shares. SPAC Vesting Securities Pursuant to the Sponsor Agreement, dated March 18, 2025, among Cohen Circle, Kyivstar Group Ltd., the Sponsors, Cantor and the Seller (as amended, the “Sponsor Agreement”), the Vesting Securities are unvested and are subject to vesting and forfeiture as follows: (i) the First Vesting Tranche Securities (as defined in the Sponsor Agreement) shall immediately vest and no longer be subject to forfeiture on the first date that the Securities Price meets or exceeds $15.00 for 20 Trading Days out of any consecutive 30 Trading Days, if such date occurs before the second anniversary of the Closing Date; and (ii) the Second Vesting Tranche Securities (as defined in the Sponsor Agreement) shall immediately vest and no longer be subject to forfeiture on the first date that the Securities Price meets or exceeds $20.00 for 20 Trading Days out of any consecutive 30 Trading Days, if such date occurs before the fifth anniversary of the Closing Date. If the First Vesting Tranche Securities and/or the Second Vesting Tranche Securities become subject to forfeiture because the respective vesting conditions were not satisfied, such securities shall be surrendered with no consideration. Lock-Up Agreements Sponsor Agreement The Sponsor Agreement also provides for, among other things, certain restrictions on the transfer of 3,971,515 Common Shares to be issued to the Sponsors at Closing until the earlier of (i) 180 days following the Closing Date, (ii) the price of Kyivstar Group Ltd. Common Shares meeting or exceeding $13.50 for 20 trading days of any consecutive 30 trading days, and (iii) immediately prior to a liquidation event (the earlier of (i), (ii) and (iii), the “Lock -UpRelease”), subject to certain permitted transfers