Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 94

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 94
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 0.16 |   |     |            — |   |

19

| Balance sheet data:                                    |     |       As of 
   March 31, 
        2025 |   |     |        As of 
 December 31, 
         2024 |   |     |        As of 
 December 31, 
         2023 |   |
|:-------------------------------------------------------|:----|------------:|:--|:----|-------------:|:--|:----|-------------:|:--|
| Total assets                                           |     | 236,209,156 |   |     |  234,426,767 |   |     |          100 |   |
| Total liabilities                                      |     |  11,507,885 |   |     |    9,964,340 |   |     |      419,607 |   |
| Class A ordinary shares subject to possible redemption |     | 235,813,008 |   |     |  233,369,247 |   |     |            — |   |
| Shareholders’ deficit                                  |     | (11,111,737 | ) |     |   (8,906,820 | ) |     |     (419,507 | ) |

Summary Unaudited Pro Forma Condensed Combined Financial Information The following summary unaudited pro forma condensed combined financial information gives effect to the Business Combination. We expect Kyivstar Group Ltd. will be the accounting “acquirer” and expect to account for the Business Combination as a capital reorganization, in accordance with IFRS. The following summary unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X as amended by the final rule, Release 33-10786 “Amendments to Financial Disclosures about Acquired and Disposed Businesses.” The summary unaudited pro forma condensed combined financial information has been derived from, and should be read in conjunction with the following information appearing elsewhere in this proxy statement/prospectus: •the historical audited financial statements of VEON Holdings and Cohen Circle, and their respective related notes, for the applicable periods; •the sections entitled “ Kyivstar Management’s Discussion and Analysis of Financial Condition and Results of Operations”and “Cohen Circle Management’s Discussion and Analysis of Financial Condition and Results of Operations;” •the more detailed unaudited pro forma condensed combined financial information included in the section of this proxy statement/prospect