Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 255

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 255
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 leaving up to $10 million of cash within Kyivstar Group Ltd. B3.Assuming 50% Redemptions: i.The issuance of 202,026,570 Kyivstar Group Ltd. Common Shares. ii.The repayment of $73 million to the Seller, leaving up to $10 million of cash within Kyivstar Group Ltd. B4.Assuming Maximum Redemptions: i.The issuance of 208,695,652 Kyivstar Group Ltd. Common Shares. ii.The repayment of $4 million to the Seller, leaving up to $10 million of cash within Kyivstar Group Ltd. 122 C.To reflect the assumed number of redemptions in connection with the Cohen Circle EGM to vote to approve the Business Combination. C1.Under Scenario1, which assumes none of the Public Shareholders elected to exercise their right to redeem their Cohen Circle Class A Ordinary Shares, adjustments to reflect (i) the exchange of 23,000,000shares of Cohen Circle Class A Ordinary Shares subject to redemption for 23,000,000 Kyivstar Group Ltd. Common Shares, (ii) the reclassification of $238million carrying amount of Cohen Circle Class A Ordinary Shares subject to redemption (liability) to Kyivstar Group Ltd. subscribed capital and capital reserves, (iii) the elimination of the adjusted historical accumulated deficit of Cohen Circle of $12 million. C2.Under Scenario2, which assumes the Public Shareholders elected to redeem 11,500,000 Cohen Circle Class A Ordinary Shares, resulting in reductions of subscribed shares of 11,500,000, capital reserves of $119million and cash of $119million, resulting into a remaining balance of capital reserves of $119million in connection with this pro forma adjustment. C3.Under Scenario3, which assumes the Public Shareholders elected to redeem 18,169,082 Cohen Circle Class A Ordinary Shares such that the Minimum Cash Condition would be satisfied at the time of Closing, assuming no additional private placement financing, including any PIPE Investment, is raised, resulting in reductions of subscribed shares of approximatively 18,169,082 ,capital reserves of $188million and cash of $188million, resulting into a remaining balance of capital reserves of $50million in connection with this pro forma adjustment. D.Reflects the exchange of 4,312,500 Cohen Circle Class B Ordinary Shares into the same number of Cohen Circle Class A Ordinary Shares with a par value of $0.0001 pursuant to the Business Combination