Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 38

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 38
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, if presented, is not conditioned on the approval of any other Proposal set forth in this proxy statement/prospectus. Q: Why is Cohen Circle proposing the Business Combination? A:Cohen Circle was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities. The Cohen Circle Board considered a wide variety of factors in connection with its evaluation of the Business Combination, including its review of the results of the due diligence conducted by Cohen Circle’s management and Cohen Circle’s advisors. As a result, the Cohen Circle Board concluded that a transaction with Kyivstar Group Ltd. would present the most attractive opportunity to maximize value for Cohen Circle’s shareholders. Please see the subsection in this proxy statement/prospectus entitled “ The Business Combination — Cohen Circle Board’s Reasons for Approval.” Q: Did the Cohen Circle Board obtain a third -party valuation or fairness opinion in determining whether or not to proceed with the Business Combination? A:Yes the Cohen Circle Board received a fairness opinion (the “Fairness Opinion”) from Northland Capital Markets (“Northland”), to the effect that, as of the date of such Fairness Opinion and based upon and subject to the assumptions made, procedures followed, matters considered and qualifications and limitations on the scope of review undertaken by Northland, as set forth in the Fairness Opinion, the Business Combination was fair, from a financial point of view, to the shareholders of Cohen Circle. Northland Capital Markets is a division of Northland Securities, Inc., a full -servicecapital markets group focused on growth companies and their institutional and accredited investors. Its investment banking services include public offerings of equity and convertible securities, PIPEs, CMPOs and registered direct offerings, private placements of equity and debt securities, and M&A advisory services. The research group provides in -depthresearch for leading small and mid -capcompanies in growth sectors of the economy, with sector expertise in business services, consumer, energy, healthcare, industrial growth, and technology. The institutional sales and trading group provides active market making and trading support in its targeted sectors and coverage companies. In selecting Northland, the board of directors of Cohen Circle considered, among other things, xv Northland’s qualifications, expertise, and reputation, as well as Northland’s knowledge of Cohen Circle and VEON Holdings, the businesses of Cohen Circle and VEON Holdings, and the industries in which Cohen Circle and VEON Holdings operate. The Cohen Circle Board believes it