Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 4

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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LLC (the “Sponsor”).

The registration statement for the Company’s
Initial Public Offering was declared effective on May 27, 2025. On May 29, 2025, the Company consummated the Initial Public Offering of
25,300,000 units at $10.00 per unit (the “Public Units”), including the exercise in full by the underwriters of an option
to purchase up to 3,300,000 Units at the offering price to cover over-allotments, (see Note 3), generating gross proceeds of $253,000,000.
Each Unit consists of one Class A ordinary share and one right to receive one seventh (1/7) of a Class A ordinary share upon the consummation
of an initial business combination (the “Share Rights”).

Simultaneously with the closing of the Initial
Public Offering, the Company consummated the private sale of 524,050 units at a price of $10.00 per private placement unit (“Private
Placement Units”), to the Sponsor. The Private Placement Units (and underlying securities) are identical to the Units sold in the
Initial Public Offering, except as otherwise disclosed herein. No underwriting discounts or commissions were paid with respect to such
sale.

Transaction costs amounted to $11,024,267, consisting
of $3,415,500 of cash underwriting fee, $6,957,500 deferred underwriting fee and $651,267 of other offering costs.

The Business Combination must be with one or more
target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account (as defined below)
(excluding the amount of deferred underwriting discounts held and taxes payable on the income earned on the Trust Account) at the time
of the signing an agreement to enter into a Business Combination. However, the Company will only complete a Business Combination if the
post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires
a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company
Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able to successfully
effect a Business Combination.

Upon the closing of the Initial Public Offering
on May 29, 2025, an amount of $253,000,000 ($10.