Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 345

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 345
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 Circle Private Placement Units). The Cohen Circle Private Placement Warrants included in the Cohen Circle Private Placement Units are identical to the Cohen Circle Warrants included in the initial public offering Cohen Circle Units. A total of $231,150,000 of the net proceeds from the initial public offering and the Private Placement (which includes $9,800,000 of the Underwriters’ deferred discount) were placed in a trust account established for the benefit of Cohen Circle’s public shareholders, with Continental Stock Transfer & Trust Company acting as trustee. Except for the withdrawal of interest earned on the funds to pay taxes (or up to $100,000 for dissolution expenses if a business combination is not consummated), none of the funds held in the Trust Account will be released until the earlier of (i) the completion of Cohen Circle’s initial business combination, (ii) the redemption of Cohen Circle’s public shares if it is unable to complete its initial business combination within 24 months from the closing of the initial public offering (or by such earlier liquidation date as Cohen Circle’s board of directors may approve), subject to applicable law, and (iii) the redemption of Cohen Circle’s public shares properly submitted in connection with a shareholder vote to amend Cohen Circle’s Second Amended and Restated Memorandum and Articles of Association to modify the substance or timing of its obligation to redeem 100% of Cohen Circle’s public shares if it has not consummated an initial business combination within 24 months from the closing of the initial public offering or with respect to any other material provisions relating to shareholders’ rights or pre -initialbusiness combination activity. The Cohen Circle Private Placement Units trade on Nasdaq under the symbol “CCIRU,” and each of the Cohen Circle Class A Ordinary Shares and Cohen Circle Private Placement Warrants that are separated will trade on Nasdaq under the symbols “CCIR” and “CCIRW,” respectively. 182 Effecting Cohen Circle’s Business Combination Fair Market Value of Target Business Nasdaq listing rules require that Cohen Circle’s initial business combination must be with one or more target businesses that together have an aggregate fair market value equal to at least 80% of the assets held in the Trust Account (excluding taxes payable on the income earned on the Trust Account) at the time of Cohen Circle’s signing a definitive agreement in connection with its initial business combination. This is referred to as the 80% of net assets test. The Cohen Circle Board has determined that the proposed Business Combination with Kyivstar meets the 80% net assets test. North