- Kyivstar Group files Form F-4 with SEC, advancing Nasdaq listing plans.
- Business combination with Cohen Circle Acquisition Corp. I (CCIR) expected to close in Q3 2025.
- VEON commits to a USD 1 billion investment in Ukraine by 2027.
Kyivstar Group, Ukraine's leading telecommunications provider and a subsidiary of VEON Ltd. (VEON), has taken a significant step toward its anticipated Nasdaq listing by filing a Registration Statement on Form F-4 with the U.S. Securities and Exchange Commission (SEC). This development marks a crucial milestone in the company's planned business combination with Cohen Circle Acquisition Corp. I (CCIR), a special purpose acquisition company.
The business combination was initially announced on March 18, 2025, and is expected to conclude by the third quarter of 2025, pending approval from Cohen Circle's shareholders and the fulfillment of customary closing conditions. Upon completion, Kyivstar Group will become the first pure-play Ukrainian investment available on a major U.S. exchange, providing unique opportunities for investors interested in Ukraine's growing digital economy.
Kyivstar Group currently serves over 23 million mobile customers and more than 1.1 million fixed-line internet subscribers in Ukraine. The company offers a diverse portfolio of services, including 4G connectivity, big data solutions, cloud services, and cybersecurity. As part of its long-term strategy, Kyivstar Group is poised to benefit from VEON's planned USD 1 billion investment in Ukraine by 2027, which aims to enhance infrastructure, technological development, and strategic acquisitions.
While the public filing signifies key progress, the finalization of the business combination remains subject to regulatory and shareholder approvals, as well as the geopolitical context in the region. Interested investors are encouraged to review the F-4 registration document for detailed insights and potential risks associated with this opportunity.
