Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 78

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 78
---
. The 8 Founder Shares held by Sponsors and Cohen Circle’s independent directors have no redemption rights upon Cohen Circle’s liquidation and will be worthless if no Business Combination is effected by Cohen Circle by October 10, 2026, subject to up to two additional one -monthextensions pursuant to the Cohen Circle Articles. However, Sponsors and Cohen Circle’s officers and directors are entitled to redemption rights upon Cohen Circle’s liquidation with respect to any shares of Cohen Circle Class A Ordinary Shares they may own. Interests of the Sponsors and Cohen Circle’s Directors and Officers in the Business Combination Cohen Circle’s Directors, Executive Officers and the Sponsors and Its Affiliates Have Financial Interests in the Business Combination The Sponsors and Cohen Circle’s directors and officers and their respective affiliates have interests in the Business Combination that may be different from, or in addition to, the interest of Cohen Circle’s shareholders and Cohen Circle’s warrant holders generally. These interests include, among other things: (i)the fact that the Sponsors paid an aggregate of $25,000 for 7,905,000 Cohen Circle Class B Ordinary Shares, which will have a significantly higher value at the time of the Business Combination but will become worthless if a business combination is not consummated by October 10, 2026. Based on the closing price for the Public Shares of $on Nasdaq on, 2025, the value of the Founder Shares held by the Sponsors would be $; (ii)the fact that the Sponsors and Cantor paid an aggregate of approximately $7,150,000 for their 715,000 Cohen Circle Private Placement Units and that the Cohen Circle Private Placement Warrants underlying such units will expire worthless if a business combination is not consummated by October 10, 2026; (iii)the fact that the Sponsors are anticipated to hold 2.2% of issued and outstanding shares of Kyivstar Group Ltd. immediately following the Business Combination (assuming no redemptions of Cohen Circle shareholders and excluding the Vesting Securities which will not have vested as of the Closing Date); (iv)the fact that, given the differential in the purchase price that the Sponsors paid for the Founder Shares and the purchase price that the Sponsor paid for the Cohen Circle Private Placement Units as compared to the price of the Cohen Circle public shares and Cohen Circle Units and the substantial number of Cohen Circle Class A Ordinary Shares that the Sponsors will receive upon conversion of the Founder Shares and (as applicable) Cohen Circle