Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 268

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 268
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 evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net income or loss and total assets, which include the following:

|               |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:--------------|:----|:--|-------------:|:----|:--|-------------:|
| Trust Account |     | $ |  233,369,247 |     | $ |            — |
| Cash          |     | $ |      699,511 |     | $ |          100 |

|                                                                |     |   |      For the 
   Year Ended 
 December 31, 
         2024 |     |   |      For the 
   Year Ended 
 December 31, 
         2023 |
|:---------------------------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| General and administrative costs                               |     | $ |      113,324 |     | $ |      377,628 |
| Interest earned on marketable securities held in Trust Account |     | $ |    2,219,247 |     | $ |            — |

The CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy of investment with the Trust Account funds while maintaining compliance with the Trust Agreement. General and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination or similar transaction within the business combination period. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on the statements of operations, are the significant segment expenses provided to the CODM on a regular basis. NOTE 10 — SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, other than as set forth below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements. On March 18, 2025, the Company entered into a business combination agreement (the “Business Combination Agreement”) by and among (1) the Company, (2) VEON Amsterdam B.V., a private company with limited liability ( besloten vennoot