Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 26

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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certain actions requires a special resolution under Cayman Islands law, which (except as specified below) requires the affirmative vote
of at least two-thirds of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed,
by proxy at the applicable general meeting (a “Special Resolution”), and pursuant to the Amended and Restated Articles, such
actions include amending the Amended and Restated Articles and approving a statutory merger or consolidation with another company. There
is no cumulative voting with respect to the appointment of directors, meaning, following an initial Business Combination, the holders
of more than 50% of the Ordinary Shares voted for the appointment of directors can elect all of the directors. Prior to the consummation
of the initial Business Combination, only holders of the Class B Ordinary Shares have the right to vote on (i) the appointment and
removal of directors and (ii) continuing the Company in a jurisdiction outside the Cayman Islands (including any Special Resolution required
to amend the constitutional documents or to adopt new constitutional documents, in each case, as a result of the Company approving a
transfer by way of continuation in a jurisdiction outside the Cayman Islands). Holders of the Class A Ordinary Shares are not entitled
to vote on these matters during such time. These provisions of the Amended and Restated Articles may only be amended if approved by a
Special Resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of the consummation
of the initial Business Combination, two-thirds) of the votes cast by such shareholders as, being entitled to do so, vote in person or,
where proxies are allowed, by proxy at the applicable general meeting of the Company.

16

KOCHAV
DEFENSE ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

Rights

Except
in cases where the Company is not the surviving company in a Business Combination, each holder of a Right will automatically receive
one seventh (1/7) of one Class A Ordinary Share upon consummation of the initial Business Combination. In the event the Company
is not the surviving Company upon completion of the initial Business Combination, each holder of a Right will be required to affirmatively
convert its Rights in order to receive the one seventh (1/7) of one Class A