Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 485

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 485
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| Class A Ordinary Shares subject to possible redemption, December 31, 2024 |     | $ | 233,369,247 |   |

Net Income (Loss) per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Income and losses are shared pro rata to the shares. Net income (loss) per Ordinary Share is computed by dividing net income (loss) by the weighted average number of Ordinary Shares outstanding for the period. Accretion associated with the redeemable Ordinary Shares is excluded from net income (loss) per Ordinary Share as the redemption value approximates fair value.

F-12

COHEN CIRCLE ACQUISITION CORP. I
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024 NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) The calculation of diluted income (loss) per Ordinary Share does not consider the effect of the Warrants issued in connection with the (i) Initial Public Offering, (ii) the exercise of the over -allotmentoption and (iii) Private Placement, since the average price of the Ordinary Shares for the year ended December 31, 2024 was less than the exercise price and therefore, the inclusion of such Warrants under the Treasury stock method would be anti -dilutiveand the exercise is contingent upon the occurrence of future events.

|                                           |     | For the Year Ended December 31, 
 2024                            |           |     |                |           |     | 2023    |   |     |         |           |   |
|:------------------------------------------|:----|:--------------------------------|----------:|:----|:---------------|----------:|:----|:--------|:--|:----|:--------|----------:|:--|
|                                           |     | Class A                         
 redeemable                      |           |     | Class A and B  
 non-redeemable |           |     | Class A |   |     | Class B |           |   |
| Basic net income (loss) per common share  |     |                                 |           |     |                |           |     |         |   |     |         |           |   |
| Numerator:                                |     |                                 |           |     |                |           |     |         |   |     |         |           |   |
| Allocation of net income (loss)