Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 334

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 334
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 have the same rights to the funds held in the Trust Account with respect to the Class A Ordinary Shares underlying the units they purchased in the initial public offering as the rights afforded to Cohen Circle’s other public shareholders. However, if the non -managingsponsor investors hold any Cohen Circle Securities at the time of the Cohen Circle EGM, then the non -managingsponsor investors will potentially have different interests than Cohen Circle’s other public shareholders in approving the initial business combination and otherwise exercising their rights as public shareholders because of their indirect ownership of Founder Shares. Cohen Circle expects that all costs and expenses associated with implementing its plan of dissolution, as well as payments to any creditors, will be funded from amounts remaining out of the $1,330,000 of proceeds held outside the Trust Account, although it cannot assure that there will be sufficient funds for such purpose. However, if those funds are not sufficient to cover the costs and expenses associated with implementing its plan of dissolution, to the extent that there is any interest accrued in the Trust Account not required to pay taxes, Cohen Circle may request the trustee to release to an additional amount of up to $100,000 of such accrued interest to pay those costs and expenses. If Cohen Circle were to expend all of the net proceeds of the sale of its placement units, other than the proceeds deposited in the Trust Account, and without taking into account interest, if any, earned on the Trust Account, the per -shareredemption amount received by shareholders upon Cohen Circle’s dissolution would be approximately $10.05. The proceeds deposited in the Trust Account could, however, become subject to the claims of its creditors, which would have higher priority than the claims of its public shareholders. Cohen Circle cannot assure that the actual per -shareredemption amount received by shareholders will not be substantially less than $10.05. While Cohen Circle intends to pay such amounts, if any, Cohen Circle cannot assure that it will have funds sufficient to pay or provide for all creditors’ claims. Cohen Circle will seek to have all third parties (other than its independent auditors), prospective target businesses or other entities with which it does business, to execute agreements with it waiving any right, title, interest or claim of any kind in or to any monies held in the Trust Account for the benefit of Cohen Circle’s public shareholders, there is no guarantee that they will execute such agreements or even if they execute such agreements that they would be prevented from bringing claims against the Trust Account including but not limited to fraudulent inducement