Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 427

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 427
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 closing conditions are satisfied or, as applicable, waived. Assuming maximum redemptions by Cohen Circle Public Shareholders and based on the assumptions set forth under the section of this proxy statement/prospectus titled “ Frequently Used Terms and Basis of Presentation,” it is anticipated that the securities of Kyivstar Group Ltd. issued and outstanding immediately following the Closing would be worth approximately $2.21billion. As of the record date, Cohen Circle had $cash held in the Trust Account. Cohen Circle intends to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned (less income taxes payable), to complete the Business Combination, after payment to Cohen Circle Public Shareholders who have validly redeemed their Cohen Circle Public Shares upon the consummation of the Business Combination. Any remaining amount will be held in a segregated bank account designated by Kyivstar Group Ltd. for its immediate use in accordance with the Business Combination Agreement. To finance transaction costs in connection with the Business Combination, or in connection with additional deposits into the Trust Account to extend the time available to Cohen Circle to consummate the Business Combination, the Sponsors may extend an aggregate of up to $250,000 Working Capital Loans and may extend additional Working Capital Loans in the future, to Cohen Circle. The Sponsors may convert the Working Capital Loans into Cohen Circle Units upon the consummation of the Business Combination. Regulatory Matters The Business Combination Agreement and the transactions contemplated by the Business Combination Agreement are subject to the receipt of any pre -Closingconsents, approvals, clearances, confirmations, waivers, licenses, permits, orders, or any other authorizations from Governmental Entities which the parties have agreed in writing are required to implement the Business Combination. Holders of Cohen Circle Ordinary Shares are recommended to seek their own advice as soon as possible on the application and procedure to be followed in respect of the dissenters’ rights under the Companies Act. Vote Required for Approval The Business Combination is conditioned on the approval of the Business Combination Proposal at the extraordinary general meeting. The approval of Business Combination Proposal (and consequently, the Business Combination Agreement and the transactions contemplated thereby, including the Business Combination) requires the affirmative vote (in person or by proxy) of holders of a majority of the outstanding shares of Cohen Circle Class A Ordinary Shares and Cohen Circle Class B Ordinary Shares that are entitled to vote and are voted at the extraordinary general meeting, voting as a single class. Broker non -votesand abstentions will have no effect on the outcome of the vote on the Business Combination Proposal