Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 36

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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ception) through September 30, 2025, $91,600 was incurred and paid $22,900 for these services under the Administrative
Services Agreement.

23

Underwriting
Agreement

The
Underwriters had a 45-day option from the date of the Initial Public Offering to purchase up to an additional 3,300,000 Option Units
to cover over-allotments, if any. On May 29, 2025, the Underwriters elected to fully exercise the Over-Allotment Option to purchase an
additional 3,300,000 Option Units at a price of $10.00 per Option Unit.

The
Underwriters were entitled to a cash underwriting discount of 1.35% of the gross proceeds of the Initial Public Offering, $3,415,500
(including the Underwriters’ full exercise of the Over-Allotment Option), which was paid upon the closing of the Initial Public
Offering.

Additionally,
the Underwriters are entitled to the Deferred Fee of 2.75% of the gross proceeds of the Initial Public Offering, or $6,957,500 (including
the Underwriters’ full exercise of the Over-Allotment Option), payable upon the closing of an initial Business Combination. Of
such Deferred Fee, 1.20% will be paid in cash calculated based on the total gross proceeds raised in the Initial Public Offering, and
1.55% will be paid in cash calculated based on the total capital remaining in the Trust Account following all properly submitted redemptions
in connection with the consummation of the initial Business Combination.

Registration
Rights Agreement

The
holders of (i) Founder Shares, (ii) Private Placement Units (and their underlying securities), (iii) units (and their underlying securities)
that may be issued upon conversion of Working Capital Loans, if any, (iv) any Class A Ordinary Shares issuable upon conversion of the
Founder Shares and (v) any Class A Ordinary Shares held by our Sponsor at the completion of the Initial Public Offering or acquired prior
to or in connection with the initial Business Combination, are entitled to registration rights pursuant to the Registration Rights Agreement,
requiring us to register such securities for resale (in the case of the Founder Shares, only after conversion to our Class A Ordinary
Shares). These holders are entitled to make up to three demands, excluding short form demands, and have piggyback registration rights.
SAP, may only make a demand on one