Cohen Circle Acquisition Corp. I announced on January 13, 2025, that it signed a letter of intent with VEON Ltd. to combine businesses, aiming to list VEON's Ukrainian digital operator, Kyivstar, on the Nasdaq Stock Market in the U.S. Post-combination, VEON is expected to maintain at least an 80% stake in the publicly listed entity. Details will be disclosed after a definitive agreement, which is anticipated by the second quarter of 2025, subject to board approvals, shareholder consent, regulatory nods, and other standard closing conditions. No securities offering is being made by this announcement.
Proper names for clarity: - Cohen Circle Acquisition Corp. I - VEON Ltd. - Kyivstar - Nasdaq Stock Market LLC - R. Maxwell Smeal