Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 24

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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, 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 a deferred underwriting discount 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
(the “Deferred Fee”). 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.

15

KOCHAV
DEFENSE ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

NOTE
7. SHAREHOLDERS’ EQUITY (DEFICIT)

Preference
Shares

The
Company is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. As of September 30, 2025, there were
no preference shares issued or outstanding.

Class A
Ordinary Shares

The
Company is authorized to issue a total of 200,000,000 Class A Ordinary Shares. As of September 30, 2025, there were 524,050 Class A
Ordinary Shares issued and outstanding, excluding 25,300,000 Public Shares subject to possible redemption.

Class
B Ordinary Shares

The
Company is authorized to issue a total of 20,000,000 Class B Ordinary Shares. As of September 30, 2025, there were 8,433,333 Class B
Ordinary Shares issued and outstanding.

The
Founder Shares will automatically convert into Class A Ordinary Shares concurrently with or immediately following the consummation