Company: KYIV
Filing Date: 2025-06-05
Form Type: 425
Source: 0001213900-25-051636
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Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: 425
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Filed by Kyivstar Group Ltd.

pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Companies:

Kyivstar Group Ltd.

Cohen Circle Acquisition Corp. I (Commission File No.: 001-42369)

Date: June 5, 2025

<div align='center'>Kyivstar Group Reaches Nasdaq Listing Milestone with Public Filing of Registration Statement on Form F-4</div>

KYIV, Ukraine, June 5, 2025 (GLOBE NEWSWIRE) –
Kyivstar Group Ltd., Ukraine’s leading digital operator (“Kyivstar Group” or “the Company”) and a subsidiary
of VEON Ltd. (Nasdaq: VEON) (“VEON Group” or “VEON”), today announced the public filing of its Registration Statement
on Form F-4 (the “Registration Statement”) with the Securities and Exchange Commission (“SEC”).

This filing represents a milestone in Kyivstar
Group’s plans to be listed on the Nasdaq Stock Market LLC (“Nasdaq”) following the anticipated completion of a business
combination with Cohen Circle Acquisition Corp. I (Nasdaq: CCIR) (“Cohen Circle”) that was announced on March 18, 2025.

Today, as we announce the public filing of our
Registration Statement, we are excited to complement our operational performance with the continued progress towards our plans to list
Kyivstar Group on the Nasdaq Stock Market,” said Oleksandr Komarov, CEO of Kyivstar Group.“We are excited to be a
company that not only delivers exceptional value to our customers, but also represents a compelling investment opportunity for U.S. and
global investors interested in Ukraine’s growth and resilience.”

The closing of the business combination is expected
to occur during the third quarter of 2025 and is subject to the approval of Cohen Circle’s shareholders and other customary closing
conditions.

Additional Information and Where to Find It

Kyivstar Group Ltd. and VEON Holdings B.V. have filed on June 5, 2025 a registration statement on Form F-4 (File No. 333-287802) (as may be amended from time to time, the “Registration Statement”) as co-registrants that includes a preliminary proxy statement/prospectus of Cohen Circle and a preliminary prospectus of Kyivstar Group.