Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 406

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 406
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 Business Combination Agreement Please see sections entitled “ The Business Combination Agreement and Transaction Documents” for additional information and a summary of certain terms of the Business Combination Agreement and the Related Agreements. You are urged to carefully read the Business Combination Agreement in its entirety before voting on this Proposal. Background of the Business Combination The terms of the Business Combination Agreement are the result of arms’ -lengthnegotiations between representatives of Cohen Circle and VEON Amsterdam B.V. The following is a brief description of the background of these negotiations, the Business Combination Agreement, the Business Combination and related transactions. Cohen Circle is a blank check company incorporated under the name ‘FTAC Artemis Acquisition Corp.’ on October 26, 2021 as a Cayman Islands exempted company limited by shares for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which Cohen Circle refers to throughout this proxy statement/prospectus as its initial business combination. In October 2024, Cohen Circle consummated its IPO and concurrent private placement, consisting of 23,000,000 Cohen Circle Units (including the exercise in full of the underwriters’ over -allotmentoption) and a private placement of 715,000 Cohen Circle Units. Each Cohen Circle Unit consists of one Cohen Circle Class A Ordinary Share and one -thirdof one redeemable warrant of the Cohen Circle, with each whole Cohen Circle Warrant entitling the holder thereof to purchase one Cohen Circle Class A Ordinary Share for $11.50 per share. Of the proceeds from the IPO and private placement, $231,150,000 was placed in a trust account established for the benefit of its public stockholders, with Continental Stock Transfer & Trust Company acting as trustee. Cohen Circle’s amended and restated memorandum and articles of association provide that it has until October 15, 2026 to consummate a business combination transaction. Prior to the consummation of the Cohen Circle IPO, neither Cohen Circle, nor anyone on its behalf, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to a transaction with Cohen Circle. After its IPO, Cohen Circle’s management team commenced an active search for prospective businesses and/or assets to acquire in its initial business combination, using the extensive experience of its board and management in the financial services and financial technology industries as well as with operational management, and investment and financial analysis in order to conduct and analyze the due diligence required for it to identify a merger partner