Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 458

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 458
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 determinations as to the most appropriate and relevant methods of financial analysis and the application of those methods to the particular circumstances and, therefore, a fairness opinion is not readily susceptible to summary description. In arriving at its opinion, Northland did not draw, in isolation, conclusions from or with regard to any factor or analysis that it considered. Rather, Northland made its determination as to fairness on the basis of its experience and professional judgment after considering the results of all the analyses. Cohen Circle agreed to pay Northland a cash fee of $100,000, of which $50,000 was due immediately and $50,000 was due upon delivery of the fairness opinion. Furthermore, a cash transaction fee of $1,000,000 is due upon consummation of the Business Combination. In addition, Cohen Circle has agreed to reimburse certain of Northland’s expenses related to its engagement and to indemnify Northland against certain liabilities that may arise from services provided in connection with rendering its opinion. Northland, as a customary part of its investment banking business, is continually engaged in performing financial analyses regarding businesses and their securities in connection with acquisitions, negotiated underwritings, competitive biddings, secondary distributions of listed and unlisted securities, private placements and other transactions for estate, corporate and other purposes. Shareholders are urged to review the section entitled “ Risk Factors — Risks Related to our Industry” in this proxy statement/prospectus for a description of the risks relating to VEON Holdings’ business. Shareholders should also read the section entitled “ General Information — Cautionary Note Regarding Forward -looking Statements” in this proxy statement/prospectus for additional information regarding the risks inherent in forward -lookinginformation. Satisfaction of 80% Test After consideration of the factors identified and discussed in the section of this proxy statement/prospectus titled “ Proposal One — The Business Combination Proposal — Reasons for Cohen Circle’s Board’s Approval of the Business Combination,” the Cohen Circle Board concluded that the Business Combination met the requirements disclosed in the prospectus of the Cohen Circle IPO with respect to Cohen Circle’s initial business combination, including that the Business Combination had a fair market value of at least 80% of the balance of the funds in the Trust Account at the time of execution of the Business Combination Agreement. Interests of Cohen Circle’s Directors, Officers and the Sponsor in the Business Combination When considering the Cohen Circle Board’s recommendation to vote in favor of approving the Business Combination Proposal and the Merger Proposal described herein, Cohen Circle shareholders should keep in mind that the