Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 356

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 356
---
 or because it became obligated to redeem a significant number of the Class A ordinary shares included in the Units upon consummation of its Business Combination, in which case it may issue additional securities or incur debt in connection with such Business Combination. Going Concern As of December 31, 2024, Cohen Circle had cash of $699,511 held outside of the Trust Account and working capital of $791,229. Cohen Circle will use such funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination. In connection with Cohen Circle’s assessment of going concern considerations in accordance with ASC 205 -40, Going Concern, as of December 31, 2024, Cohen Circle may need to raise additional capital through loans or additional investments from its Sponsors, stockholders, officers, directors, or third parties. Cohen Circle’s officers, directors and Sponsor may, but are not obligated to, loan Cohen Circle funds, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion, to meet Cohen Circle’s working capital needs. Accordingly, Cohen Circle may not be able to obtain additional financing. If Cohen Circle is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead expenses. Cohen Circle cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all. Cohen Circle’s liquidity condition raises substantial doubt about Cohen Circle’s ability to continue as a going concern for a period of time within one year after the date that the accompanying financial statements are issued. Management plans to address this uncertainty through a Business Combination. 188 Off-Balance Sheet Arrangements Cohen Circle has no obligations, assets or liabilities which would be considered off -balancesheet arrangements as of December 31, 2024. Cohen Circle does not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established for the purpose of facilitating off -balancesheet arrangements. Cohen Circle has not entered into any off -balancesheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or