Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 53

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 53
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 the closing of the Initial Public Offering,
on May 29, 2025, an amount of $253,000,000 ($10.00 per Unit) from the net proceeds of the Initial Public Offering and the Private Placement,
was placed in the trust account (the “Trust Account”), with Continental Stock Transfer & Trust Company (“Continental”)
acting as trustee, and may only be invested in U.S. government treasury obligations with a maturity of 185 days or less or in money market
funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury
obligations; the holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating the intended
Business Combination. To mitigate the risk that might be deemed to be an investment company for purposes of the Investment Company Act,
which risk increases the longer that the Company holds investments in the Trust Account, the Company may, at any time (based on the Company’s
management team’s (“Management”) 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. Except for the withdrawal of interest to pay taxes, if any, other
than excise taxes, if any, and up to $100,000 to pay dissolution expenses, as applicable, if any, the proceeds from the Initial Public
Offering and the Private Placement will not be released from the Trust Account until the earliest of (i) the completion of the initial
Business Combination; (ii) the redemption of the Public Shares if the Company is unable to complete the initial Business Combination by
(x) November 29, 2026, which the Company may, at the Sponsor’s option, extend two times, each by an additional three (3) months,
without shareholder approval, for a total of 24 months, from the closing of the Initial Public Offering, or May 29, 2027, or (y) by such
earlier liquidation date as the Company’s board of directors may approve (the “Combination Period”), subject to applicable
law; or (iii) the redemption of the Public Shares properly submitted in connection with a shareholder vote to amend the Company’s
amended and restated memorandum and articles of association (the “Amended and Restated