Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 163

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 163
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, Cohen Circle Class A Ordinary Shares were trading at $per share and the Cohen Circle Public Warrants were not in the money. Cohen Circle may amend the terms of its Public Warrants in a manner that may be adverse to holders of Cohen Circle Public Warrants with the approval by the holders of at least a majority of the then-outstanding Cohen Circle Public Warrants. As a result, the exercise price of the Cohen Circle Public Warrants could be increased, the exercise period could be shortened and the number of Cohen Circle Class A Ordinary Shares purchasable upon exercise of a Cohen Circle Public Warrant could be decreased, all without a holder’s approval. The Cohen Circle Public Warrants were issued in registered form under the Warrant Agreement, dated as of October10, 2024, by and between Cohen Circle and the Transfer Agent (the “Warrant Agreement”). The Warrant Agreement provides that the terms of the Cohen Circle Public Warrants may be amended without the consent of any holder to cure any ambiguity or correct any defective provision, but requires the approval by the holders of at least a majority of the then -outstandingCohen Circle Public Warrants to make any change that adversely affects the interests of the registered holders of Cohen Circle Public Warrants. Accordingly, Cohen Circle may amend the terms of the Cohen Circle Public Warrants in a manner adverse to a holder if holders of at least a majority of the then -outstandingPublic Warrants approve of such amendment. Although Cohen Circle’s ability to amend the terms of the Cohen Circle Public Warrants with the consent of at least a majority of the then -outstandingCohen Circle Public Warrants is unlimited, examples of such amendments could be amendments to, among other things, increase the exercise price of the Cohen Circle Public Warrants, convert the Cohen Circle Public Warrants into cash or shares (at a ratio different than initially provided), shorten the exercise period or decrease the number of Cohen Circle Class A Ordinary Shares purchasable upon exercise of a Cohen Circle Public Warrant. Cohen Circle may redeem unexpired Cohen Circle Warrants prior to their exercise at a time that is disadvantageous to warrant holders, thereby making their warrants worthless. Cohen Circle has the ability to redeem its outstanding warrants at any time after they become exercisable and prior to their expiration, at a price of $0.01 per warrant, provided that the last reported sales price of the Cohen Circle Class A Ordinary Shares equals or exceeds $18.00 per share (as adjusted for share splits, share dividends, reorganizations, recapital