Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 142

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 142
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 company limited by shares incorporated under the laws of the Cayman Islands with no operating results, and it did not commence operations until obtaining funding through the IPO. If Cohen Circle fails to complete its initial business combination, Cohen Circle will never generate any operating revenues. This proxy statement/prospectus includes unaudited pro forma condensed combined financial statements for Cohen Circle and Kyivstar Group Ltd. The unaudited pro forma condensed combined balance sheet as of December 31, 2024 assumes that the Business Combination and related transactions occurred on December 31, 2024. The unaudited pro forma condensed combined statements of operations for the year ended December 31, 2024 give pro forma effect to the Business Combination and related transactions as if they had occurred on December 31, 2024. The unaudited pro forma condensed combined financial information is based upon, and should be read together with the accompanying notes to, the unaudited pro forma condensed combined financial statements, the audited financial statements of Cohen Circle and related notes, the Kyivstar audited consolidated financial statements and related notes, the sections of this proxy statement/prospectus entitled “ Cohen Circle’s Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “ Kyivstar’s Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and other financial information included elsewhere in this proxy statement/prospectus. The unaudited pro forma condensed combined financial information has been presented for informational purposes only and is not necessarily indicative of what Kyivstar’s financial position or results of operations would have been had the Business Combination and related transactions been completed as of the dates indicated. In addition, the unaudited pro forma condensed combined financial information does not purport to project the future financial position or operating results of Kyivstar Group Ltd. following the consummation of the Business Combination. For more information, see the section in this proxy statement/prospectus entitled “ Unaudited Pro Forma Condensed Combined Financial Information.” The Sponsors and Cohen Circle’s officers and directors have agreed to vote their shares in favor of the Business Combination Proposal, regardless of how Cohen Circle shareholders vote. The Business Combination Proposal must be approved by a simple majority of the holders of the issued and outstanding Cohen Circle Ordinary Shares, being entitled to do so, voting in person or by proxy thereon at the Cohen Circle EGM. Our Sponsors and their permitted transferees own approximately 26.4% of Cohen Circle’s issued and outstanding Cohen Circle Class A Ordinary Shares and