Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 180

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 180
---
 reduce the market price of Kyivstar Group Ltd. Common Shares and dilute their percentage ownership. See the section entitled “Description of Kyivstar Group Ltd. Securities.” 67 Future resales of Kyivstar Group Ltd. Common Shares after the consummation of the Business Combination may cause the market price of Kyivstar Group Ltd.’s securities to drop significantly, even if Kyivstar Group Ltd.’s business is doing well. Pursuant to the lock -upagreements described in the section “ Business Combination Agreement and Transaction Documents,” after the consummation of the Business Combination and subject to certain exceptions, the Sponsors and the Seller will be contractually restricted from selling or transferring any of their respective Kyivstar Group Ltd. Common Shares. Such restrictions begin at Closing and end on the earlier of (i) the date that is 180 days after Closing; (ii) such time as the share price meets or exceeds $13.50 for 20 out of any 30 consecutive trading days but no earlier than 90 days following closing; and (iii) immediately prior to (but conditioned upon) the occurrence of a Liquidation Event (as defined in the Sponsor Agreement or Seller Lock -upAgreement, as applicable), in each case except to a Permitted Transferee (as defined in the Sponsor Agreement or Seller Lock -upAgreement, as applicable) as expressly permitted by the Sponsor Agreement or Seller Lock -upAgreement, as applicable. See “ The Business Combination Agreement and Transaction Documents.” However, following the expiration of such lock -upagreements, the Sponsors and the Seller, will not be restricted from selling Kyivstar Group Ltd. Common Shares held by them, other than by applicable securities laws. Upon completion of the Business Combination, the Sponsors and the Seller will collectively beneficially own approximately 89.1% of the outstanding Kyivstar Group Ltd. Common Shares at Closing. The Kyivstar Group Ltd. Common Shares held by the Sponsors and the Seller may be sold after the expiration of the applicable lock -upperiod under each of the Sponsor Agreement and the Seller Lock -UpAgreement, subject to applicable securities laws. As restrictions on resale end and registration statements (filed after the Closing to provide for the resale of such shares from time to time) are available for use, the sale or possibility of sale of these shares could have the effect of increasing the volatility in the market price of Kyivstar Group Ltd. Common Shares, and the market price of Ky