Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 143

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 143
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 Cohen Circle Class B Ordinary Shares. As a result, in addition to the Founder Shares and placement shares held by our Sponsors, we would need only 7,460,001 or approximately 32.4%, of the 23,000,000 public shares to be voted in favor of the Business Combination (assuming all outstanding shares are voted and the parties to the letter agreement do not acquire any Cohen Circle Class A Ordinary Shares). 51 The interest of the Sponsors and Cohen Circle’s officers may conflict with those of Cohen Circle’s shareholders and may have influenced the decision to proceed with the Business Combination with Kyivstar . When you consider the recommendation of Cohen Circle’s Board in favor of approval of the Business Combination Proposal, you should consider that the Sponsors and Cohen Circle’s officers and directors have interests in such proposal that are different from, or in addition to, those of Cohen Circle’s shareholders generally. Since the Sponsors and Cohen Circle’s officers and directors have interests that are different, or in addition to (and which may conflict with), the interests of Cohen Circle shareholders, a conflict of interest may have existed in determining whether the Business Combination with Kyivstar is appropriate as Cohen Circle’s initial business combination. Such interests include that the Sponsors will lose its entire investment in Cohen Circle if the Business Combination is not completed. Additional interests include: •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 October10, 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 $ ; •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 October10, 2026; •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 at the time of Closing); •the fact that, given the differential in the purchase price that the Sponsors