Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 261

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 261
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| Fair value of Cohen Circle’s net assets                                            |     |           |     |            |     |       |     |            |     |       |     |            |     |       |
| Excess of fair value of consideration over fair value of Cohen Circle’s net assets |     |           |     |            |     |       |     |            |     |       |     |            |     |       |

128 •To reflect the payment of an aggregate of $ estimated and incremental transaction costs incurred in connection with the Transactions, of which: (i)$transaction costs, comprised primarily of legal, accounting advisory and audit fees and $9,800,000 deferred underwriting commission incurred and will be incurred by the Company parties. and will be borne and paid by PubCo following the Merger Effective Time. These costs resulted in the increase in loss for period of $ , the decrease in capital reserves in the amount of $ , under the Scenario1, and at the same time an increase in trade payables in the amount of $ under the Scenario 1. (ii)$, $, and $transaction costs under each Scenario are comprised primarily of legal, financial and other advisor fees, will be liable to Cohen Circle and recorded in Cohen Circle’s income statement, out of which $ million has been recognized in Cohen Circle’s financial statements as of and for the year ended December 31, 2024 and $ , $ , and $are estimated to be incurred subsequent to December 31, 2024 until Closing and will be payable as of Closing under each Scenario. The estimated transaction costs incurred subsequent to December 31, 2024 resulted in the decrease in capital reserves in the amount of $ , $ , and $under Scenarios 1 through3, respectively, decrease in retained earnings of $ for Scenario1, $ for Scenario 2 and $ for Scenario3, and at the same time an increase in trade payables in the amount of $ , $ , and $ under Scenarios 1 through3, respectively. (iii)Pursuant to section 11.10 of the Business Combination Agreement, PubCo shall pay the transaction costs on the Closing date following the Closing. This pro forma adjustment is to reflect the payment of the incremental transaction costs, which resulted in the decreases in cash and cash equivalent and trade payables of $. In total this pro forma adjustment resulted in decreases in cash and cash equivalents of $, increase in trade payables of $, and increase in loss for the period of $, as well