Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 378

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 378
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 consummate an initial business combination, it may use working capital held outside the Trust Account to repay such loaned amounts, but no proceeds from our Trust Account would be used for such repayment); (iii) payments to Cohen Circle’s sponsor or its affiliate or designee of a total of $25,000 per month for office space, utilities, and shared personnel support services; (iv) payments of $12,500 per month to R. Maxwell Smeal, our Chief Financial Officer; (v) at the closing of the initial business combination, at the option of our management team, a customary advisory fee, finder’s fee and/or success fee, to a person or entity associated with certain of Cohen Circle’s officers and directors, in an amount that constitutes a market standard advisory fee for comparable transactions and services provided; and (vi) to reimburse for any out -of -pocketexpenses related to identifying, investigation and completing an initial business combination. Cohen Circle’s Audit Committee will review on a quarterly basis all payments made by us to our sponsor, officers or directors or any of their controlled affiliates. After the completion of the initial business combination, directors or members of Cohen Circle’s management team who remain with Cohen Circle may be paid consulting, management or other fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in the tender offer materials or proxy solicitation materials furnished to our shareholders in connection with a proposed business combination. It is unlikely the amount of such compensation will be known at the time such materials are distributed, because the directors of the post -combinationbusiness will be responsible for determining officer and director compensation. Any compensation to be paid to Cohen Circle’s officers will be determined by a Remuneration Committee constituted solely by independent directors or by a majority of the independent directors on our board of directors. Cohen Circle does not intend to take any action to ensure that members of our management team maintain their positions with Cohen Circle after the consummation of the initial business combination, although it is possible that some or all of our officers and directors may negotiate employment or consulting arrangements to remain with us after the initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with Cohen Circle may influence our management’s motivation in identifying or selecting a target business but Cohen Circle does not believe that the ability of its management to remain with it after the consummation of the initial business combination will be a determining factor in its decision to proceed with any potential business combination. Cohen Circle is