Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 147

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 147
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 may have an economic incentive that differs from that of the Public Shareholders to pursue and consummate an initial business combination rather than to liquidate and to return all of the cash in the Trust Account to the Public Shareholders, even if that business combination were with a less favorable target company or on terms less favorable to Public Shareholders rather than liquidate. In addition, Cohen Circle’s officers and directors and their affiliates are entitled to reimbursement of out -of -pocketexpenses incurred by them in connection with certain activities on Cohen Circle’s behalf. These expenses will be repaid upon completion of the Business Combination with Kyivstar. However, if Cohen Circle fails to consummate the Business Combination, they will not have any claim against the Trust Account for repayment or reimbursement. Accordingly, Cohen Circle may not be able to repay or reimburse these amounts if the Business Combination is not completed. These financial interests may have influenced the decision of Cohen Circle’s directors to approve the Business Combination with Kyivstar and to continue to pursue such Business Combination. In considering the recommendations of Cohen Circle Board to vote for the Business Combination Proposal, its shareholders should consider these interests. Cohen Circle and Kyivstar Group will incur significant transaction and transition costs in connection with the Business Combination. Cohen Circle and Kyivstar have both incurred and expect that it will incur significant, non -recurringcosts in connection with consummating the Business Combination and operating as a public company following the consummation of the Business Combination. Kyivstar Group may also incur additional costs to retain key employees. Cohen Circle and Kyivstar will also incur significant legal, financial advisory, accounting and banking fees, fees relating to regulatory filings and notices, SEC filing fees, printing and mailing fees and other costs associated with the Business Combination. The transaction expenses incurred by Cohen Circle and Kyivstar is estimated to be approximately $ million and $ million, respectively, in transaction costs related to the Business Combination. Some of these costs are payable regardless of whether the Business Combination is completed. Third parties may bring claims against Cohen Circle if it is not able to complete a business combination by Octo ber 10, 2026 and, as a result, the proceeds held in the Trust Account could be reduced and the per share liquidation price received by shareholders could be less than $10.0 5 per share. Under the current terms of the Cohen Circle Articles, Cohen Circle must complete the Business Combination with Kyivstar or another initial business combination by October 10, 2026 (unless extended), or