Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 259

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 259
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 financial information as of December 31, 2024 4.1 Adjustments to the unaudited pro forma combined statement of financial position as of December 31, 2024 The following adjustments have been reflected in the unaudited pro forma condensed combined statement of financial position: A.As of the date of this proxy statement/prospectus, no amounts have been committed under any PIPE Investment. B1.To reflect the subsequent movement in the Trust Account of Cohen Circle after December 31, 2024 based on the Trust Account as of, 2025. The Trust Account of Cohen Circle increased by $as of, 2025 in comparison to December 31, 2024, due to interest income earned on assets held in Trust Account in the amount of $. B2.To reflect the liquidation and reclassification of investments and cash held in trust account of Cohen Circle of $to cash and cash equivalent that becomes available upon Closing. C.To reflect the assumed number of redemptions in connection with Cohen Circle’s shareholder meeting to vote to approve the Business Combination. Under Scenario1, which assumes none of Public Shareholders elected to exercise their right to redeem their Cohen Circle Class A Ordinary Shares, adjustments to reflect (i) the exchange of 23,000,000shares of Cohen Circle Class A Ordinary Shares subject to redemption for 23,000,000 PubCo Shares, (ii) the reclassification of $238,050,000 carrying amount of Cohen Circle Class A Ordinary Shares subject to redemption (liability) to PubCo subscribed capital and capital reserves, (iii) the elimination of the adjusted historical accumulated deficit of Cohen Circle of $ (including the pro forma adjustment B1 reflecting the subsequent interest income earned from the assets held in the Trust Account of Cohen Circle after December 31, 2024 until , 2025 ,adjustment F of reflecting the fair value change to warrant liability of $ ,adjustment H reflecting the estimated transaction costs of Cohen Circle in the amount of $ ). Under Scenario2, which assumes the Public Shareholders elected to redeem 11,500,000 Cohen Circle Class A Ordinary Shares, resulting in reductions of subscribed shares of 11,500,000, capital reserves of $119,025,000 and cash of $119,025,000 compared to Scenario 1. Under Scenario3, which assumes Public Shareholders elected to redeem 18,169,082 Cohen Circle Class A Ordinary Shares such that the Minimum Cash Condition would be satisfied at the time of Closing, assuming no additional equity