Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 161

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 161
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 not be adjusted if there is a change in the value of Kyivstar before the closing of the transactions. As a result, the actual value of the Kyivstar Group Ltd. Common Shares to be received by Kyivstar’s equity holders in the transactions will depend on the value of such shares at and after the closing of the Business Combination. Delays in completing the Business Combination may substantially reduce the expected benefits of the Business Combination. Satisfying the conditions to, and completion of, the Business Combination may take longer than, and could cost more than, Cohen Circle or VEON expects. Any delay in completing or any additional conditions imposed in order to complete the Business Combination may materially adversely affect the benefits that Cohen Circle expects to achieve from the Business Combination. Cohen Circle may waive one or more of the conditions to the Business Combination. Cohen Circle may agree to waive, in whole or in part, one or more of the conditions to its obligations to complete the Business Combination, to the extent permitted by the Cohen Circle Articles and applicable laws. For example, it is a condition to Cohen Circle’s obligation to close the Business Combination that certain of VEON’s representations and warranties be true and correct in all material respects as of the date of the Merger Agreement and the Effective Time. However, if the Cohen Circle Board determines that it is in the best interests of Cohen Circle to proceed with the Business Combination, then the Cohen Circle Board may elect to waive that condition and close the Business Combination. For additional information please see the subsection of this proxy statement/prospectus entitled “ The Business Combination — Conditions to Closing.” If the Business Combination is not completed, potential target businesses may have leverage over Cohen Circle in negotiating a business combination, Cohen Circle’s ability to conduct due diligence on a business combination as it approaches its dissolution deadline may decrease and it may have insufficient working capital to continue to pursue potential target businesses, each of which could undermine its ability to complete a business combination on terms that would produce value for Cohen Circle shareholders. Many potential target business with which Cohen Circle enters into negotiations concerning an initial business combination will be aware that, unless Cohen Circle amends its charter to extend its life and amend certain other agreements it has entered into, then Cohen Circle must complete its initial business combination by October 10, 2026. Consequently, if Cohen Circle is unable to complete the Business Combination, a potential target business may obtain leverage over it in negotiating an initial business combination, knowing that if Cohen Circle does not complete its initial business combination with that particular target business, it