Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 328

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 328
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 company” as defined under the Exchange Act because it has no operations and nominal assets consisting solely of cash and/or cash equivalents. Cohen Circle is not presently engaged in and Cohen Circle will not engage in, any substantive commercial business until it completes the Business Combination with Kyivstar or another target business. Cohen Circle’s principal executive offices are located 2929 Arch Street, Suite 1703, Philadelphia, PA 19104, and its telephone number is (215) 701 -9555. Initial Public Offering On October 15, 2024, Cohen Circle consummated the sale of 23,000,000 Cohen Circle Units, including the exercise in full by the underwriters of an option to purchase up to 3,000,000 Cohen Circle Units at the offering price to cover over -allotments. The Cohen Circle Units were sold at a price of $10.00 per Cohen Circle Units, generating gross proceeds to Cohen Circle of $230,000,000. Each Cohen Circle Units consists of one Cohen Circle Class A Ordinary Share, and one -thirdof one redeemable warrant of the Cohen Circle, with each whole Cohen Circle Warrant entitling the holder thereof to purchase one Cohen Circle Class A Ordinary Share for $11.50 per share. Simultaneously with the consummation of the initial public offering, the Cohen Circle consummated the issuance and private sale of 715,000 Cohen Circle Private Placement Units in the Cohen Circle Private Placement at a price of $10.00 per Cohen Circle Private Placement Unit, generating gross proceeds of $7,150,000. The Cohen Circle Private Placement Units were purchased by Cantor (270,000 Cohen Circle Private Placement Units) and one of the Cohen Circle’s sponsors, Cohen Circle Sponsor I, LLC (445,000 Cohen Circle Private Placement Units). The Cohen Circle Private Placement Warrants included in the Cohen Circle Private Placement Units are identical to the Cohen Circle Warrants included in the initial public offering Cohen Circle Units. A total of $231,150,000 of the net proceeds from the initial public offering and the Private Placement (which includes $9,800,000 of the Underwriters’ deferred discount) were placed in a trust account established for the benefit of Cohen Circle’s public shareholders, with Continental Stock Transfer & Trust Company acting as trustee. Except for the withdrawal of interest earned on the funds to pay taxes (or up to $100,000 for dissolution expenses if a business combination is not consummated), none of the funds held in the Trust