Company: KYIV
Filing Date: 2025-08-11
Form Type: 425
Source: 0001213900-25-073892
Chunk: 2

Company: Kyivstar Group Ltd.
Filing Date: 2025-08-11
Form: 425
Chunk 2
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ivstar Group Company”), (together with the other transactions contemplated
by the Business Combination Agreement, the “Business Combination”).

On August 8, 2025, the Company
determined that, as of the redemption deadline prior to its extraordinary general meeting of its shareholders scheduled for August 12,
2025, the holders of 5,847,015 shares of the Company’s Class A ordinary shares, par value $0.0001 per share, representing 25.4%
of the Company’s Class A ordinary shares held by the Company’s public shareholders, had properly exercised their right
to redeem those shares for cash. All 7,666,667 Company public warrants, which are not subject to redemption rights by the holders thereof,
remain outstanding. Subject to approval of the Business Combination by the extraordinary general meeting, the Company expects approximately
$178 million to remain in its Trust Account at the closing of the Business Combination, expected to occur on or about August 14,
2025, subject to the satisfaction of customary closing conditions.

Important Information About the Business Combination and Where to Find It

In connection with the
previously announced Business Combination, PubCo has filed with the SEC a registration statement on Form F-4, which includes a definitive
prospectus/proxy statement and other relevant documents, and has been distributed to the Company’s shareholders in connection with
the Company’s solicitation of proxies for the vote by the Company’s shareholders with respect to the Business Combination
and other matters as described in the registration statement, as well as the prospectus relating to the offer and sale of the securities
of PubCo to be issued in connection with the Business Combination.

THIS CURRENT REPORT ON
FORM 8-K IS NOT A SUBSTITUTE FOR THE REGISTRATION STATEMENT, THE DEFINITIVE PROXY STATEMENT/PROSPECTUS OR ANY OTHER DOCUMENT THAT THE
COMPANY HAS SENTTO ITS SHAREHOLDERS IN CONNECTION WITH THE BUSINESS COMBINATION.

INVESTORS AND SECURITY
HOLDERS ARE ADVISED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC
CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS COMBINATION AND THE PARTIES TO THE BUSINESS
COMBINATION. Investors and security holders are able to obtain copies of these documents and other documents filed with the SEC free of
charge at www.sec.gov. The definitive proxy statement/final prospect