Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 329

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 329
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 Account will be released until the earlier of (i) the completion of Cohen Circle’s initial business combination, (ii) the redemption of Cohen Circle’s public shares if it is unable to complete its initial business combination within 24 months from the closing of the initial public offering (or by such earlier liquidation date as Cohen Circle’s board of directors may approve), subject to applicable law, and (iii) the redemption of Cohen Circle’s public shares properly submitted in connection with a shareholder vote to amend Cohen Circle’s Second Amended and Restated Memorandum and Articles of Association to modify the substance or timing of its obligation to redeem 100% of Cohen Circle’s public shares if it has not consummated an initial business combination within 24 months from the closing of the initial public offering or with respect to any other material provisions relating to shareholders’ rights or pre -initialbusiness combination activity. The Cohen Circle Private Placement Units trade on Nasdaq under the symbol “CCIRU,” and each of the Cohen Circle Class A Ordinary Shares and Cohen Circle Private Placement Warrants that are separated will trade on Nasdaq under the symbols “CCIR” and “CCIRW,” respectively. 172 Effecting Cohen Circle’s Business Combination Fair Market Value of Target Business Nasdaq listing rules require that Cohen Circle’s initial business combination must be with one or more target businesses that together have an aggregate fair market value equal to at least 80% of the assets held in the Trust Account (excluding taxes payable on the income earned on the Trust Account) at the time of Cohen Circle’s signing a definitive agreement in connection with its initial business combination. This is referred to as the 80% of net assets test. The Cohen Circle Board has determined that the proposed Business Combination with Kyivstar meets the 80% net assets test. Northland, in its opinion (the “Opinion”), stated that, subject to and based on the assumptions made, procedures followed, matters considered, limitations of the review undertaken and qualifications contained in the Opinion, Kyivstar Group has a fair market value equal to at least eighty percent (80%) of the balance of funds in the Trust Account (excluding taxes payable). Voting Obligations in Connection with the Cohen Circle EGM The Cohen Circle EGM to which this proxy statement/prospectus relates is being held to solicit your approval of, among other things, the Business Combination, which would constitute the initial business combination of Cohen Circle under the terms of its charter. Unlike many other blank check companies, Public Shareholders are not required to