Company: KG
Filing Date: 2025-03-10
Form Type: S-4
Source: 0001104659-25-021993
Chunk: 11

Company: Kestrel Group Ltd
Filing Date: 2025-03-10
Form: S-4
Chunk 11
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 Kestrel Intermediate Ledbetter Holdings LLC, a Texas limited liability company;

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“Ledbetter registration and investor rights agreement” means that certain Registration and Investor Rights Agreement, by and between Bermuda NewCo and KILH;

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“Maiden” means Maiden Holdings, Ltd., a Bermuda exempted company limited by shares;

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“Maiden board” means the board of directors of Maiden;

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“Maiden bye-laws” means the Bye-Laws of Maiden, as amended up to and including five (5) business days prior to December 29, 2024;

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“Maiden shareholders” means holders of Maiden shares;

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“Maiden shares” means Maiden common shares, par value $0.01 per share;

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“Maiden special meeting” means the special general meeting of Maiden shareholders held pursuant to the terms of the combination agreement in order to receive the approval of Maiden shareholders of the (i) voting cutback proposal, (ii) first merger approval bye-law proposal, (iii) first merger resolution, (iv) adjournment proposal, (v) Bermuda NewCo equity plan proposal and (vi) the advisory vote on merger-related compensation proposal;

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“merger consideration” means the right of holders of Maiden shares (other than dissenting shares or treasury shares held by Maiden) as of the record date for the Maiden special meeting to receive consideration in accordance with the combination agreement;

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“Merger Sub I” means Ranger Bermuda Merger Sub Ltd, a Bermuda exempted company limited by shares and a direct wholly owned subsidiary of US NewCo;

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“Merger Sub II” means Ranger Merger Sub 2 LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Bermuda NewCo;

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“Merger Subs” refers collectively to Merger Sub I and Merger Sub II;

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“mergers” refers collectively to the first merger and the second merger;

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“Nasdaq” means the Nasdaq Capital Market;

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“Paul, Weiss” means Paul, Weiss, Rifkind, Wharton & Garrison LLP;

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“Sarbanes-Oxley Act” means the Sarbanes-Oxley Act of 2002;

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“SEC” means the U.S. Securities and Exchange Commission;

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“second merger” means the merger through which Merger Sub II merges with and into US NewCo, with US NewCo surviving the merger as a direct wholly owned subsidiary of Bermuda NewCo;

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“second merger effective time