Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 452

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 452
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 the buildout of a resilient network infrastructure that can continue to deliver quality service to its customer base following cessation of the wartime conditions and economic stabilization in the Ukraine. •In considering the Transaction, the Cohen Circle Board also gave consideration to the following negative factors, although not weighted or in any order of significance: •Cohen Circle’s public stockholders will hold a minority share position in the post -mergercompany. •The potential for diversion of Kyivstar’s management and employee attention during the period prior to completion of the Transaction, and the potential negative effects on Cohen Circle’s business. •The risk that, despite the efforts of Kyivstar and Cohen Circle prior to the consummation of the Transaction, Kyivstar may lose key personnel, and the potential resulting negative effects on Kyivstar’s business. •The possibility that Cohen Circle might not achieve its projected financial results. 249 •the risk associated with macroeconomic uncertainty and the effects it could have on Cohen Circle’s revenues. •the risk that Cohen Circle is unable to retain sufficient cash in the Trust Account to meet the requirements of the Business Combination Agreement. •The Business Combination Agreement prohibits Cohen Circle from soliciting or engaging in discussions regarding alternative transactions during the pendency of the Transaction. •Risks and costs to Cohen Circle if the Transaction is not completed, including the risk of liquidation. •Potential changes in the regulatory landscape or new industry developments, including changes in consumer preferences, may adversely affect the business benefits anticipated to result from the Transaction. •Risks of the type and nature described under the section entitled “ Risk Factors” beginning on page 22. The foregoing discussion of material factors considered by the Cohen Circle Board is not intended to be exhaustive but does sets forth the principal factors considered by the Cohen Circle Board. The Cohen Circle Board also considered whether members of its management and Board may have interests in the Transaction that are different from, or are in addition to, the interests of our stockholders generally, including the matters described under the subsection entitled “— Interests of Certain Persons in the Transaction”below. However, the Cohen Circle Board concluded that (i) these interests were disclosed in our IPO prospectus and are included in this proxy statement/prospectus, (ii) these disparate interests would exist with respect to a business combination with any target company, (iii) our stockholders will have the opportunity to redeem their public shares in connection with the Transaction and (iv) shares of our common stock held by our officers, directors and other initial stockholders are subject to