Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 22

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 1
Chunk 22
---
 as, being
entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting, and pursuant to the amended
and restated memorandum and articles of association, such actions include amending the amended and restated memorandum and articles of
association 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 will (i) have the right to vote on the appointment and removal of directors and (ii) be
entitled to vote on 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 will not be entitled
to vote on these matters during such time. These provisions of the amended and restated memorandum and articles of association 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.

12

KOCHAV DEFENSE ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited) 

Rights — Except
in cases where the Company is not the surviving company in a Business Combination, each holder of a Share 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 Share Right will be required to affirmatively
convert its Share Rights in order to receive the one seventh (1/7) of one Class A ordinary share underlying each Share Right upon
consummation of the Business Combination