Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 354

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 354
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” and “CCIRW,” respectively. 182 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 vote against the Business Combination in order to exercise their redemption rights. If the Business Combination is not completed, then Public Shareholders electing to exercise their redemption rights will not be entitled to receive such payments. Pursuant to the Sponsor Agreement, the Sponsors have agreed to vote its respective Founder Shares (together with any other equity securities of Cohen Circle owned by them) in favor of the Business Combination. As of the Record Date, the Sponsors owned approximately% of the issued and outstanding Cohen Circle Ordinary Shares (includingFounder Shares). Redemption Rights for Public Shareholders upon Completion of the Business Combinations Cohen Circle is providing its Public Shareholders with the opportunity to redeem all or a portion of their Cohen Circle Class A Ordinary Shares at a per -shareprice, payable in cash, equal to the aggregate amount then on deposit in the Trust Account as of two business days prior to the Closing Date, including interest (which interest shall be net of taxes payable) divided by the number of then outstanding public shares, subject to the limitations described herein. The per -shareamount Cohen Circle will distribute to investors who properly redeem their shares will not be