Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 8

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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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 the Company 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 Continental 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 Articles”) to modify (1) the substance or timing of the Company’s obligation
to allow redemption in connection with the initial Business Combination or to redeem 100% of the Public Shares if the Company has not
consummated an initial Business Combination within the Combination Period or (2) any other material provisions relating to shareholders’
rights or pre-initial Business Combination activity. The proceeds deposited in the Trust Account could become subject to the claims of
the Company’s creditors, if any, which could have priority over the claims of the holders of the Public Shares (the