Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 108

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 108
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 paid with respect to such
sale. The issuance of the Private Placement Units was made pursuant to the exemption from registration contained in Section 4(a)(2) of
the Securities Act.

Use of Proceeds

On May 29, 2025, we consummated our Initial Public
Offering of 25,300,000 Public Units, including 3,300,000 Option Units issued pursuant to the full exercise of the Over-Allotment Option.
Each Public Unit consists of one Public Share, and one Public Right, which grants each holder the right to receive one-seventh (1/7) of
one Class A Ordinary Share upon the consummation of the Business Combination. The Public Units were sold at a price of $10.00 per Public
Unit, generating gross proceeds to us of $ $253,000,000. SAP acted as representative of the several underwriters of the Initial Public
Offering. Simultaneously with the consummation of our Initial Public Offering and pursuant to the Private Placement Units Purchase Agreement,
we completed the private sale of an aggregate of 524,500 Private Placement Units at a purchase price of $10.00 per Private Placement Unit
to our Sponsor generating gross proceeds of $5,240,500.

Following the closing of our Initial Public Offering
and the Private Placement, a total of $253,000,000 (which amount includes the Deferred Fee of $6,957,500) was placed in a U.S.-based trust
account maintained by Continental, acting as trustee. The proceeds held in the Trust Account may be invested by the trustee only in U.S.
government securities with a maturity of 185 days or less or in money market funds investing solely in U.S. government treasury obligations
and meeting certain conditions under Rule 2a-7 under the Investment Company Act. To mitigate the risk that we might be deemed to be an
investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the Trust Account,
we may, at any time (based on the Management Team’s ongoing assessment of all factors related to the potential status under the
Investment Company Act), instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the funds in
the Trust Account in cash or in an interest-bearing demand deposit account at a bank.

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The remaining proceeds from the Initial Public
Offering and the Private Placement are held outside the Trust Account. Such funds are being used primarily