Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 354

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 354
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 cash from operating activities and payment of operation costs through promissory note of $49,918. 190 For the year ended December 31, 2023, net cash used in operating activities was $0. Net loss of $377,628 was affected by write -offof doc to PL due to staleness of S -1of $342,048, payment of operation costs through promissory note of $45,120, payment of filing fees through promissory note -relatedparty of $460 and changes in operating assets and liabilities, which used $10,000 of cash from operating activities. At December 31, 2024, Cohen Circle had marketable securities held in the Trust Account of $233,369,247. Cohen Circle intends to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account, which interest shall be net of taxes payable and excluding deferred underwriting commissions, to complete its Business Combination. Cohen Circle may withdraw interest from the Trust Account to pay taxes, if any. To the extent that its share capital or debt is used, in whole or in part, as consideration to complete a Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies. In order to fund working capital deficiencies or finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor has committed to loan the Company up to $250,000 and may, but is not obligated to, loan the Company additional funds to fund its additional working capital requirements and transaction costs (“Working Capital Loans”). If the Company completes a Business Combination, the Company may repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans may be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $2,000,000 of such Working Capital Loans may be convertible into units upon consummation of the Business Combination at a price of $10.00 per unit. The units would be identical