Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 146

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 146
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 rights agreement with Cohen Circle’s initial shareholders, which provides for customary registration rights to them and their permitted transferees. The existence of personal and financial interests of one or more of Cohen Circle’s directors may result in a conflict of interest on the part of such director(s) between what he or they may believe is in the best interest of Cohen Circle and what he or they may believe is best for himself or themselves in determining to recommend that shareholders vote for the proposals. For additional information on the interests and relationships of the s, officers and directors in the Business Combination. See the sections of this proxy statement/prospectus entitled “ Risk Factors — The decision to approve the Business Combination with Kyivstar may have been influenced by the possibility that the Founder Shares may be worthless if the Business Combination is not approved.” The personal and financial interests of the Sponsors as well as Cohen Circle’s officers and directors may have influenced their motivation in identifying and selecting Kyivstar as a business combination target, completing an initial business combination with Kyivstar and influencing the operation of the business following the Business Combination. In considering the recommendations of Cohen Circle Board to vote for the proposals, its shareholders should consider these interests. 53 The decision to approve the Business Combination with Kyivstar may have been influenced by the possibility that the Founder Shares may be worthless if the Business Combination is not approved . The Sponsors beneficially own or have a pecuniary interest in Founder Shares. The Sponsors have no redemption rights with respect to these securities in the event a business combination is not effected in the required time period under Cohen Circle’s Articles. Therefore, if the Business Combination with Kyivstar Group or another business combination is not approved within the required time period, such securities held by such persons will be worthless. Such securities had an aggregate market value of approximately $million outstanding as of, 2025, based on the closing price per Cohen Circle Class A Ordinary Share as of, 2025 of $per share, despite having been purchased for an aggregate of $25,000. As a result, the Sponsors are likely to be able to recoup its investment in Cohen Circle and make a substantial profit on that investment, even if Kyivstar Group Ltd. Common Shares have lost significant value. This means that the Sponsors could earn a positive rate of return on their investment, even if Cohen Circle’s Public Shareholders experience a negative rate of return in the post -businesscombination company. Accordingly, Cohen Circle’s management team, which owns interests in the Sponsors,