Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 52

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 8
Chunk 52
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ation of a Business Combination) in an amount equal to the number
of membership interests that ultimately vest times the assignment date fair value per share (unless subsequently modified) less the amount
initially received for the assignment of the membership interests. The Company determined that the initial Business Combination is not
considered probable and therefore no compensation expense has been recognized.

The Founder Shares are designated as Class B
ordinary shares and, except as described below, are identical to the Class A ordinary shares included in the Units  sold in
the Initial Public Offering, and holders of Founder Shares have the same shareholder rights as public shareholders, except that (i) the
Founder Shares are subject to certain transfer restrictions, as described in more detail below, (ii) the Founder Shares are entitled
to registration rights; (iii) the Sponsor, officers and directors have entered into a letter agreement with the Company, pursuant to which
they have agreed to (A) waive their redemption rights with respect to their Founder Shares, private placement shares and public shares
in connection with the completion of the initial Business Combination, (B) waive their redemption rights with respect to their Founder
Shares, private placement shares and public shares in connection with a shareholder vote to approve an amendment to the amended and restated
memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation to allow redemption
in connection with an initial Business Combination or to redeem 100% of the public shares if the Company has not consummated an initial
Business Combination within the Completion Window or (B) with respect to any other material provisions relating to shareholders’
rights or pre-initial Business Combination activity, (C) waive their rights to liquidating distributions from the Trust Account with
respect to their Founder Shares or private placement shares if the Company fails to complete the initial Business Combination within the
completion window, although they will be entitled to liquidating distributions from the Trust Account with respect to any public shares
they hold if the Company fails to complete the initial Business Combination within such time period and to liquidating distributions from
assets outside the Trust Account and (D) vote any Founder Shares and private placement shares held by them and any public shares
purchased during or after the Initial Public Offering (including in open market and privately-negotiated transactions, aside from shares
they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be