Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 371

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 371
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sequent changes in fair value are not recognized as long as the contracts continue to be classified in equity in accordance with ASC 480 and ASC 815. Net Income (Loss) per Ordinary Share Cohen Circle complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Cohen Circle has two classes of shares, Class A Ordinary Shares and Class B Ordinary Shares. Income and losses are shared pro rata between the two classes of shares. Net income (loss) per Ordinary Share is computed by dividing net income by the weighted average number of Ordinary Shares outstanding for the period. Accretion associated with the redeemable Ordinary Shares is excluded from income (loss) per Ordinary Share as the redemption value approximates fair value. Recent Accounting Standards In November 2023, the FASB issued ASU 2023 -07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in this ASU require disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating officer decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a single reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures in Topic 280. This ASU is effective for fiscal years beginning after December15, 2023, and interim periods within fiscal years beginning after December15, 2024, with early adoption permitted. Cohen Circle has adopted ASU 2023 -07. Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s unaudited condensed financial statements. 198

MANAGEMENT OF Kyivstar Group Ltd. AFTER THE BUSINESS COMBINATION At Closing of the Business Combination, the number of directors of Kyivstar Group Ltd. will be,of whom shall be independent directors. Kyivstar Group Ltd.’s bye -lawsprovide that the Kyivstar Group Ltd. Board shall consist of a maximum of 11 directors. The parties to the Business Combination