Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 379

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 379
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 the same to become effective within 60 business days after the closing of the Business Combination and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Kyivstar Group Ltd. Warrants in accordance with the provisions of the Amended Warrant Agreement. If a registration statement covering the Kyivstar Group Ltd. Common Shares issuable upon exercise of the Kyivstar Group Ltd. Warrants does not become effective within 60 business days after the closing of the Business Combination, holders of Kyivstar Group Ltd. Warrants will have the right, during any period thereafter when there is no such effective registration statement, to exercise the Kyivstar Group Ltd. Warrants on a cashless basis. Additionally, if, at the time that a Kyivstar Group Ltd. Warrant is exercised, our Kyivstar Group Ltd. Common Shares are not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, we may, at our option, require holders of Kyivstar Group Ltd. Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event we so elect, we will not be required to file or maintain in effect a registration statement, but will use our commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. In the event of a cashless exercise pursuant to the preceding paragraph, each holder would pay the exercise price by surrendering the Kyivstar Group Ltd. Warrants for that number of Kyivstar Group Ltd. Common Shares equal to the quotient obtained by dividing (x) the product of the number of Kyivstar Group Ltd. Common Shares underlying the warrants, multiplied by the excess of the “fair market value” (defined below) less the exercise price of the warrants by (y) the fair market value. The “fair market value” as used in the preceding sentence shall mean the volume weighted average price of the Kyivstar Group Ltd. Common Shares for the 10 trading days ending on the trading day prior to the date on which the notice of exercise is received by the warrant agent. Redemption of warrants for cash when the price per Kyivstar Group Ltd. Common Share equals or exceeds $18.00.Once the warrants become exercisable, we may call the Kyivstar Group Ltd