Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 152

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 1
Chunk 152
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 certain of our offering costs in exchange for 3,835,000 Founder Shares. In April 2025, we
issued an additional 4,598,333 Founder Shares to our Sponsor in a share capitalization, resulting in our Sponsor holding an aggregate
of 8,433,333 Founder Shares. As a result, our Sponsor paid approximately $0.003 per Founder Share. Such securities were issued in connection
with our organization pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. No
underwriting discounts or commissions were paid with respect to such issuances. The Founder Shares are automatically convertible into
Class A Ordinary Shares concurrently with or immediately following the consummation of our initial Business Combination, or earlier
at the option of the holder, on a one-for-one basis, subject to adjustment.

Simultaneously with the closing of the Initial
Public Offering and pursuant to the Private Placement Units Purchase Agreement, we completed the sale of an aggregate of 524,050 Private
Placement Units to our Sponsor in the Private Placement at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds
to us of $5,240,500. The Private Placement Units (and underlying securities) are identical to the Public Units (and underlying securities),
except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts or commissions were 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