Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 350

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 350
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 If Cohen Circle is unable to complete its initial business combination within 24 months from the closing of its initial public offering, it will redeem all public shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account (which is initially anticipated to be $10.05 per share), including interest (less taxes payable and up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding public shares. |
| Impact to remaining shareholders |     | The redemptions in connection with Cohen Circle’s initial business combination will reduce the book value per share for its remaining shareholders, who will bear the burden of the deferred underwriting commissions and interest withdrawn in order to pay taxes (to the extent not paid from amounts accrued as interest on the funds held in the Trust Account).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |     | If the permitted purchases described above are made, there will be no impact to Cohen Circle’s remaining shareholders because the purchase price would not be paid by Cohen Circle.                                                                                                                                                                                                                                                                                                                                                                                                                                              |     | The redemption of Cohen Circle’s public shares if it fails to complete its initial business combination will reduce the book value per share for the shares held by its sponsor, who will be its only remaining shareholder after such redemptions.                                                                                                                                                                                                                                                      |

187 Properties Cohen Circle’s executive offices are located at 2929 Arch Street, Suite 1703, Philadelphia, PA 19104 -2870. Cohen Circle pays a total of $25,000 per month to the Sponsor for office space, utilities and shared personnel support services. Cohen Circle considers its current office space adequate for its current operations. Employees Cohen Circle has two officers. Members of its management team are not obligated to devote any specific number of hours to its matters but they intend to devote as much of their time as they deem necessary to its affairs until it has completed Cohen Circle’s initial business combination. The amount of time that its officers or any other members of its management team will devote in any time period will vary based on whether a target business has been selected for its initial business combination and the current stage of the business combination process. Legal Proceedings There is no material litigation, arbitration or governmental proceeding currently pending against Cohen Circle or any members of its management team in their capacity as such. Formerly, Betsy Cohen was a named defendant, along with certain of the executive officers and trustees of RAIT Financial Trust, its public accounting firm, and the lead underwriters involved in RAIT’s public offerings, in several put