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Cohen Circle Acquisition Corp. I Class A ( (CCIR) ) has issued an announcement.
On March 18, 2025, Cohen Circle Acquisition Corp. I entered into a business combination agreement with VEON Amsterdam B.V., VEON Holdings B.V., Kyivstar Group Ltd., and Varna Merger Sub Corp., collectively known as the Kyivstar Group. This agreement is expected to position Kyivstar as the first U.S.-listed pure play Ukrainian investment opportunity. In the second quarter of 2025, Kyivstar Group reported a 20.9% increase in total operating revenue to USD 284 million, driven by the integration of Uklon and growth in telecom and digital segments. The company’s adjusted EBITDA rose by 18.7% to USD 165 million, with a profit margin of 28.9%. The business combination with Cohen Circle is anticipated to close on schedule, supported by non-redemption agreements with institutional investors, and regulatory approval for Starlink’s Direct-to-Cell services in Ukraine has been received.
More about Cohen Circle Acquisition Corp. I Class A
Kyivstar Group is Ukraine’s leading digital operator, serving over 22.4 million mobile customers and more than 1.1 million home internet fixed line customers as of June 30, 2025. The company offers a range of services including 4G, big data, cloud solutions, cybersecurity, and digital TV. Kyivstar Group, a subsidiary of VEON Ltd., has been operating in Ukraine for over 27 years and plans to invest USD 1 billion in the country from 2023 to 2027.
Average Trading Volume: 518,211
Technical Sentiment Signal: Strong Sell
For detailed information about CCIR stock, go to TipRanks’ Stock Analysis page.