Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 424

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 424
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 may be used as an anti-takeover device without further action on the part of the Cohen Circle shareholders. Such issuance may dilute the voting power of existing shareholders.                                                                                                                                                                                                                                                                                                                                                                                                                                              |     | Bermuda law prescribes no specific anti-takeover provisions.                                                                                                                                                                                                                                                                                                                                                          
 The Kyivstar Group Ltd. Bye-laws authorize the Kyivstar Group Ltd. Board to issue additional shares (up to the maximum authorized share capital) without seeking additional consent from the holders of Kyivstar Group Ltd. Common Shares. The issue of such Kyivstar Group Ltd. Common Shares may be used as an anti-takeover device as it may dilute the voting power of existing Kyivstar Group Ltd. shareholders. |

233 COHEN CIRCLE RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Founder Shares In November 2021, the Sponsors paid $25,000 to cover certain offering costs of Cohen Circle in consideration for the Founder Shares, which were issued on November 5, 2021. From November 2021 through September 2024, Cohen Circle had various share surrender and capitalization events in which a net 758,333 shares have been surrendered by the Sponsor to Cohen Circle for no consideration and an aggregate of 7,905,000 Founder Shares remain outstanding. All share and per shares amounts have been retroactively adjusted to reflect the share capitalization and share surrender. The Founder Shares included an aggregate of up to 1,005,000 shares subject to forfeiture to the extent that the underwriters’ over -allotmentoption was not exercised in full or in part, so that the number of Founder Shares will equal 25% of Cohen Circle’s issued and outstanding shares after the Initial Public Offering and the private placement. On October 15, 2024, the underwriters exercised their over -allotmentoption in full as part of the closing of the Initial Public Offering. As such 1,005,000 Founder Shares are no longer subject to forfeiture. The Sponsors have agreed, subject to limited exceptions, not to transfer, assign or sell any of the Founder Shares until the earlier to occur of (A) one year after the completion of the initial business combination and (B) subsequent to the initial business combination (x) if the last reported sale price of the Class A Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share dividends, rights issuances, reorganizations, recapitalizations and the like) for any 20 trading days within