Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 379

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 379
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 not party to any agreements with its officers and directors that provide for benefits upon termination of employment. 196 COHEN CIRCLE MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCI AL CONDITION AND RESULTS OF OP ERATIONS The following discussion and analysis of the Cohen Circle’s financial condition and results of operations should be read in conjunction with the financial statements and the notes thereto contained elsewhere in this proxy statement / prospectus. Certain information contained in the discussion and analysis set forth below includes forward looking statements that involve risks and uncertainties. Overview Cohen Circle is a blank check company incorporated as a Cayman Islands exempted company on October 26, 2021. Cohen Circle was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Cohen Circle intends to effectuate its Business Combination using cash derived from the proceeds of the IPO and the sale of the Placement Units, its shares, debt or a combination of cash, shares and debt. Cohen Circle expects to continue to incur significant costs in the pursuit of its acquisition plans. Cohen Circle cannot assure you that its plans to complete a Business Combination will be successful. Business Combination Agreement On March 18, 2025, Cohen Circle entered into a business combination agreement (as may be amended from time to time, the “Business Combination Agreement”) by and among (1) Cohen Circle, (2) VEON Amsterdam B.V., a private company with limited liability ( besloten vennootschap met beperkte aansprakelijkheid) incorporated under Dutch law and registered with the Dutch Chamber of Commerce ( Kamer van Koophandel) under number 34378904 (the “Seller”), (3) VEON Holdings B.V., a private company with limited liability ( besloten vennootschap met beperkte aansprakelijkheid) incorporated under Dutch law and registered with the Dutch Chamber of Commerce ( Kamer van Koophandel) under number 34345993 (“VEON Holdings,” and together with all of its direct and indirect Ukrainian Subsidiaries, the “Group Companies”), (4) Kyivstar Group Ltd., an exempted company with limited liability, incorporated and existing under the laws of Bermuda with registration number 202504557 (“PubCo”), and (5) Varna Merger Sub Corp., an exempted company incorporated with limited liability in the Cayman Islands with registration number 419635 (“Merger Sub,” and, together