Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 357

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 357
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 not dismissed, the proceeds held in the Trust Account could be subject to applicable bankruptcy or insolvency law, and may be included in Cohen Circle’s bankruptcy or insolvency estate and subject to the claims of third parties with priority over the claims of Cohen Circle’s shareholders. To the extent any bankruptcy or insolvency claims deplete the Trust Account, Cohen Circle cannot assure that it will be able to return $10.05 per share to its public shareholders. Additionally, if Cohen Circle files a bankruptcy or winding -uppetition or an involuntary bankruptcy or winding -uppetition is filed against it that is not dismissed, any distributions received by shareholders could be viewed under applicable debtor/creditor and/or bankruptcy or insolvency laws as either a “preferential transfer” or a “fraudulent conveyance.” As a result, a bankruptcy or insolvency court could seek to recover all amounts received by Cohen Circle’s shareholders. Furthermore, the Cohen Circle Board may be viewed as having breached its fiduciary duty to its creditors and/or may have acted in bad faith, and thereby exposing itself and Cohen Circle to claims of punitive damages, by paying public shareholders from the Trust Account prior to addressing the claims of creditors. Cohen Circle cannot assure that claims will not be brought against it for these reasons. Cohen Circle’s Public Shareholders will be entitled to receive funds from the Trust Account only upon the earlier of (i) the completion of Cohen Circle’s initial business combination, (ii) the redemption of any public shares properly tendered in connection with a shareholder vote to amend Cohen Circle’s amended and restated memorandum and articles of association to (A) modify the substance or timing of Cohen Circle’s obligation to redeem 100% of its public shares if it does not complete an initial business combination within 24 months from the closing of its initial public offering or (B) with respect to any other provision relating to shareholders’ rights or pre -businesscombination activity and (iii) the redemption of all of Cohen Circle public shares if it is unable to complete an initial business combination within 24 months from the closing of its initial public offering, subject to applicable law. In no other circumstances will a shareholder have any right or interest of any kind to or in the Trust Account. In the event Cohen Circle seeks shareholder approval in connection with an initial business combination, a shareholder’s voting in connection with the business combination alone will not result in a shareholder’s redeeming its shares to it for an applicable pro rata share of the Trust Account. Such shareholder must have also exercised its redemption rights described