Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 217

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 217
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, U.S. holders of Kyivstar Group Ltd. Warrants will not be able to make a QEF election with respect to their warrants. A U.S. holder that owns (or is deemed to own) shares in a PFIC during any taxable year of the U.S. holder generally is required to file an IRS Form 8621 (whether or not a QEF or mark -to -marketelection is or has been made) with such U.S. holder’s U.S. federal income tax return and provide such other information as may be required by the U.S. Treasury Department. Failure to file IRS Form 8621 for each applicable taxable year may result in substantial penalties and result in the U.S. holder’s taxable years being open to audit by the IRS until such Forms are properly filed. U.S. holders should consult their own tax advisors concerning the Kyivstar Group Ltd.’s possible PFIC status and the consequences to them, including potential reporting requirements, if Kyivstar Group Ltd. were classified as a PFIC for any taxable year. Non-U .S. holders The Business Combination A Non -U.S. holder will not be subject to U.S. federal income tax on the exchange of such Non -U.S. holder’s Cohen Circle Class A Ordinary Shares or warrants unless (i) the gain is effectively connected with the Non -U.S. holder’s conduct of a trade or business in the United States, and if required by an applicable tax treaty, is attributable to a permanent establishment maintained by the Non -U.S. holder in the United States or (ii) the Non -U.S. holder is a non -residentalien individual present in the United States for 183 days or more during the taxable year in which the Business Combination takes place and certain other requirements are met. Ownership of Kyivstar Group Ltd. Common Shares and Kyivstar Group Ltd. Warrants A Non -U.S. holder of Kyivstar Group Ltd. Common Shares will not be subject to U.S. federal income tax or, subject to the discussion below under “— Information Reporting and Backup Withholding,” U.S. federal withholding on any dividends received on Kyivstar Group Ltd. Common Shares or any gain recognized on a sale or other disposition of Kyivstar Group Ltd. Common Shares (including, any distribution to the extent it exceeds the adjusted basis in the Non -U.S. holder’s Cohen Circle Common Shares) or sale or other disposition of Kyivstar Group Ltd. Warrants unless the dividend