Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 331

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 331
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 to force Cohen Circle or its sponsor or its affiliates to purchase their shares at a significant premium to the then -currentmarket price or on other undesirable terms. Absent this provision, a public shareholder holding more than an aggregate of 15% of the shares sold in its initial public offering could threaten to exercise its redemption rights if such holder’s shares are not purchased by Cohen Circle or its sponsor or its affiliates at a premium to the then -currentmarket price or on other undesirable terms. By limiting Cohen Circle’s shareholders’ ability to redeem no more than 15% of the shares sold in its initial public offering, Cohen Circle believes that it will limit the ability of a small group of shareholders to unreasonably attempt to block its ability to complete an initial business combination, particularly in connection with a business combination with a target that requires as a closing condition that Cohen Circle have a minimum net worth or a certain amount of cash. However, Cohen Circle would not be restricting its shareholders’ ability to vote all of their shares (including Excess Shares) for or against an initial business combination. Cohen Circle’s sponsor, officers and directors have, pursuant to a letter agreement they have entered into, waived their right to have any Founder Shares, placement shares or public shares held by them redeemed in connection with an initial business combination. Unless any of Cohen Circle’s other affiliates acquires Founder Shares through a permitted transfer from an initial shareholder, and thereby becomes subject to the letter agreement, no such affiliate is subject to this waiver. However, to the extent any such affiliate acquires public shares through open market purchases, it would be a public shareholder and restricted from seeking redemption rights with respect to any Excess Shares. Cantor will have the same redemption rights as a public shareholder with respect to any public shares it acquires. Redemption of Cohen Circle Class A Ordinary Shares and Liquidation if No Initial Business Combination The Cohen Circle Articles provide that Cohen Circle has only 24 months from the closing of its initial public offering to complete its initial business combination. If Cohen Circle is unable to complete its initial business combination within such completion window, Cohen Circle will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per -shareprice, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (less taxes payable and up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding