Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 111

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 111
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 through the Business Combination Closing Date of $27 million. The unaudited pro forma condensed combined statement of financial position reflects these costs as a reduction of cash and cash equivalents of $27 million with a corresponding decrease of $27 million to issued capital. G.3Payment of all other incremental expenses related to the Business Combination incurred through the Business Combination Closing Date of $7 million of which $2 million of trade payables were already recorded within balance sheet. The unaudited pro forma condensed combined statement of financial position reflects these costs as a reduction of cash and cash equivalents of $7 million with a corresponding increase of $7 million to accumulated deficit. H.Reflects the reimbursement of a promissory note to Cohen Circle Sponsor I, LLC (related party) of $1 million.

63 3.2Adjustments to the unaudited pro forma condensed combined income statement for the six-month period ended June 30, 2025 The following adjustments have been reflected in the unaudited pro forma condensed combined income statement: AA1.To reflect the change in fair value of warrants over the six -monthperiod ended June 30, 2025, excluding any impact in connection with the year ended December 31, 2024. BB1. To reflect the elimination of transaction costs recorded within the income statement for the six -monthperiod ended June 30, 2025, which amounted to $3 million. CC1. To reflect the elimination of interest income generated from the investments held in the Trust Account. DD.To reflect the elimination of interest expense in connection with the April 2025 and June 2025 bonds and interest income in connection with Loan receivable from VEON Amsterdam as follows: DD1.The elimination of net foreign exchange loss of $17 million. DD2.The elimination of interest expense of $8 million. DD3.The elimination of interest income earned on the Loan receivable from VEON Amsterdam of $7 million. 4.3Adjustments to the unaudited pro forma condensed combined income statement for the year ended December 31, 2024 The following adjustments have been reflected in the unaudited pro forma condensed combined income statement: AA. To reflect the preliminary estimated share -basedcompensation expense recognized, in accordance with IFRS2, for the excess of the fair value of Kyivstar Group Ltd. Common Shares issued and the fair value of Cohen Circle’s identifiable net assets acquired from the Business Combination. Resulted in an adjustment for the $161 million excess of the fair value of