Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 440

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 440
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 the extensive experience of its board and management in the financial services and financial technology industries as well as with operational management, and investment and financial analysis in order to conduct and analyze the due diligence required for it to identify a merger partner. See the section entitled “ Management of Cohen Circle” for additional information regarding the experience of the Cohen Circle Board and management team. Although Cohen Circle initially focused its efforts on identifying companies in sectors such as financial technology and financial services, it was not required to limit its activities to any particular industry or geographic region. In the evaluation of business combination partners, Cohen Circle’s Board and management team considered many factors. 244 The Cohen Circle Board did not consider it practicable or relevant to quantify or otherwise assign relative weights to the specific factors it considered in reaching its final decision. Important criteria Cohen Circle used in evaluating prospective business transaction opportunities included: •Strong financial profile. •Strong management team. •Opportunities for add -onacquisitions. •Differentiated business niche. Cohen Circle’s management team employed various strategies to identify an appropriate target company, including: •Contacting investment banks that might be working with companies looking for exits or funding. •Contacting private equity and venture capital investment firms that might have portfolio companies they are looking to exit. •Caucusing Cohen Circle’s officers and directors, as well as their affiliates, for target business candidates of which they become aware through their contacts. •Conducting research in order to find companies that might be looking for funding or a sale. In addition, following the Cohen Circle IPO, Cohen Circle retained certain consultants and professional advisors to provide assistance in operations matters, including in the areas of due diligence and transaction execution. From the date of the Cohen Circle IPO through the signing of the LOI (as defined below) with VEON Holdings in January 2025, Betsy Z. Cohen, the Chairman of the Cohen Circle Board and Chief Executive Officer, and each of Daniel Cohen, Amanda Abrams, Jeff Blomstrom and Mehar Jagota, advisors to Cohen Circle, reviewed target companies identified by representatives of Cohen Circle and its financial advisors. During the same period, representatives of Cohen Circle also contacted, and were contacted by, several representatives of potential target companies with respect to business combination opportunities. On October 25, 2024, representatives of Rothschild & Co US Inc. (“Rothschild & Co”), financial advisor to VEON Ltd. (“VEON”) contacted Ms. Abrams and Mr. Jagota to discuss Cohen Circle’s interest in combination with VEON