VEON and Cohen Circle Celebrate Major Investment Commitment

Investment Commitment Highlights for Kyivstar Group

VEON Ltd. and Cohen Circle Acquisition Corp. I proudly announce a pivotal development in the investment landscape. They executed non-redemption agreements amounting to around USD 52.3 million with accredited institutional investors, including prominent firms like Helikon and Clearline. This strategic commitment encompasses 5.05 million Class A shares of Cohen Circle, ensuring that the minimum cash requirement of USD 50 million is met for the forthcoming business combination.

Upcoming Listing on Nasdaq

The eagerly anticipated closing of this business combination is slated for the third quarter of 2025, pending approval from Cohen Circle's shareholders and fulfillment of customary closing conditions. With the successful culmination of this deal, Kyivstar Group is set to debut on the Nasdaq Stock Market, trading under the ticker symbol "KYIV." This marks a significant milestone as it positions Kyivstar as a leading digital operator in Ukraine.

CEO Insights on Investor Support

Kaan Terzioglu, CEO of VEON Group, expressed his enthusiasm about the high level of investor support for the listing. "We look forward to completing the business combination and presenting Kyivstar Group as the first dedicated Ukrainian company to be publicly traded on a U.S. stock exchange," he stated.

Chairman's Remarks on Long-Term Potential

Betsy Cohen, the Chairman and CEO of Cohen Circle, emphasized the profound confidence shared by investors participating in these agreements. She noted, "The caliber of investors reflects our firm belief in Kyivstar Group's long-term potential and highlights the investment case for this remarkable success story emerging from Ukraine."

About Kyivstar Group

Kyivstar Group is recognized as Ukraine's leading digital operator, serving over 23 million mobile customers and more than 1.1 million fixed line internet customers as of its most recent reporting. The company, along with its subsidiaries, offers a diverse array of services, such as 4G connectivity, big data solutions, cloud technologies, and cybersecurity, enhancing their customers' digital experiences.

VEON's Commitment to Ukraine

In partnership with Kyivstar Group, VEON has committed to investing USD 1 billion in Ukraine from 2023 to 2027. This investment will focus on infrastructure development, innovation in technology, charitable contributions, and strategic acquisitions, significantly contributing to the growth of Ukraine's digital economy.

About VEON

VEON is a prominent digital operator, extending its services to nearly 160 million customers across six countries, which comprise over 7% of the global population. The company is dedicated to transforming lives with its technology-driven services, enhancing connectivity and promoting economic growth in its regions of operation. VEON operates under Nasdaq.

About Cohen Circle

Cohen Circle Acquisition Corp. I is a special purpose acquisition company, supported by Cohen Circle, LLC. It is designed to merge or acquire businesses in technology and financial services. Its units, ordinary shares, and warrants trade on Nasdaq under the symbols "CCIRU," "CCIR," and "CCIRW," respectively.

Frequently Asked Questions

What is the significance of the non-redemption agreements?

The non-redemption agreements are crucial as they secure approximately USD 52.3 million, ensuring the necessary cash condition for the business combination between Kyivstar Group and Cohen Circle is met.

When is the expected closing date for the business combination?

The closing of the business combination is anticipated for the third quarter of 2025, subject to shareholder approvals and other necessary conditions.

What exchange will Kyivstar Group be listed on?

Kyivstar Group is expected to be listed on the Nasdaq Stock Market under the ticker symbol "KYIV." This listing will enhance its visibility to investors globally.

How many customers does Kyivstar Group currently serve?

As of December 31, 2024, Kyivstar Group serves over 23 million mobile customers and more than 1.1 million fixed line internet customers.

What is VEON's investment strategy in Ukraine?

VEON’s strategy includes investment commitments of USD 1 billion in Ukraine from 2023-2027, aimed at enhancing digital infrastructure, increasing technology development, and supporting community initiatives.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.