Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 261

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 261
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 committed under the Non -RedemptionAgreement not to exercise their redemption rights in respect of such shares. Together, such commitments represent a total value, based on an assumed share price of $10.35 per Cohen Circle Class A Ordinary Share, of approximately $52.3million towards the fulfilment of the $50million required Minimum Cash Condition. The unaudited pro forma condensed combined financial information has been prepared with three alternative scenarios of redemptions of Cohen Circle Class A Ordinary Shares by the Public Shareholders, which each include the aforementioned assumptions: • Scenario 1 — Assuming No Redemptions. This presentation assumes that no Public Shareholders exercise redemption rights with respect to Cohen Circle Class A Ordinary Shares for a pro rata share of the funds in the Trust Account; ____________ *As of the date of this proxy statement/prospectus, no amounts have been committed under any private placement financing, including any PIPE Investment. The assumption is solely for illustrative purposes only and is not meant to reflect the parties’ intentions to work to obtain any private placement financing, including any PIPE Investment, prior to Closing. 115

• Scenario 2 — Assuming 50% Redemptions. This presentation assumes that Public Shareholders holding 11,500,000 Cohen Circle Class A Ordinary Shares will exercise their redemption rights for approximately $119 million of funds in the Trust Account. • Scenario 3 — Assuming Maximum Redemptions. This presentation assumes that Public Shareholders holding 17,948,375 Cohen Circle Class A Ordinary Shares will exercise their redemption rights for approximately $ 185.8million of funds held in the Trust Account, representing all Cohen Circle Class A Ordinary Shares that are not subject to non -redemptioncommitments pursuant to the Non -RedemptionAgreements. The following table summarizes the pro forma Kyivstar Group Ltd. Common Shares issued and outstanding immediately after the Closing, presented under the three scenarios listed above. The number of Kyivstar Group Ltd. Common Shares issuable upon exercise of Kyivstar Group Ltd. Warrants converted from 7,666,667 Cohen Circle Public Warrants are not included below, as such Kyivstar Group Ltd. Warrants are only exercisable 30 days after the Closing Date. The Cohen Circle Public Warrants are, as of the date of this proxy statement/prospectus, out of the money, and, as such, the holders of Kyivstar Group Ltd Warrants that will be received upon conversion of the Cohen Circle Public Warrants may choose not to exercise