Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 337

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 337
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, Cuba, Iran, North Korea and Syria) or (d) the Government of Venezuela, a blocked national of Cuba, or any other Person subject to asset-blocking sanctions under applicable sanctions Laws.

“ Sarbanes-Oxley Act ” has the meaning set forth in Section 6.05(d) .

“ SEC ” has the meaning set forth in Section 4.04 .

“ Second Bermuda NewCo Earnout Share Price ” means the volume weighted average price of Bermuda NewCo Shares on the Nasdaq, as reported by Bloomberg , for the thirty (30) consecutive trading days ending on the date Measurement EBITDA for the Second Measurement Period is finally determined pursuant to Section 2.01(c) ; provided that in the event that the Bermuda NewCo Shares are not listed on the Nasdaq for the thirty (30) consecutive trading days ending on the date Measurement EBITDA for the Second Measurement Period is finally determined pursuant to Section 2.01(c) , the Second Bermuda NewCo Earnout Share Price means the volume weighted average price of Bermuda NewCo Shares on the Nasdaq, as reported by Bloomberg , for the most recent thirty (30) consecutive trading day period during which the Bermuda NewCo Shares were traded on the Nasdaq prior to the date Measurement EBITDA for the Second Measurement Period is finally determined pursuant to Section 2.01(c) .

“ Second Measurement Period ” means the period beginning on the first day immediately following the last day of the First Measurement Period and ending on the date immediately preceding the one (1)-year anniversary of such date.

“ Second Merger ” has the meaning set forth in Section 2.02(b) .

“ Second Merger Consideration ” has the meaning set forth in Section 3.02(c) .

“ Second Merger Effective Time ” has the meaning set forth in Section 2.03(c) .

“ Second Surviving Company ” has the meaning set forth in Section 2.02(b) .

“ Securities Act ” means the Securities Act of 1933.

“ Sensitive Information ” means (a) with respect to the Company (i) confidential and proprietary information of the Company and its Subsidiaries or of a third party under the control of the Company or any of its Subsidiaries and (ii) Personal Information controlled by the Company and any of its Subsidiaries, and (b) with respect to Parent (i) confidential and proprietary information of Parent and its Subsidiaries or of a third party under the control of