Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 69

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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, the representative of the underwriters (“SAP”), may only make a demand on one occasion
and only during the five-year period beginning on May 27, 2025. In addition, SAP may participate in a piggyback registration only during
the seven-year period beginning on May 27, 2025. The Company will bear the expenses incurred in connection with the filing of any such
registration statements.

Underwriting
Agreement

The
several underwriters of the Initial Public Offering (the “Underwriters”) had a 45-day option from the date of the Initial Public
Offering to purchase up to an additional 3,300,000 Option Units to cover over-allotments, if any (the “Over-Allotment Option”).
On May 29, 2025, the Underwriters elected to fully exercise the Over-Allotment Option to purchase an additional 3,300,000 Option Units
at a price of $10.00 per Option Unit.

The
Underwriters were entitled to a cash underwriting discount of 1.35% of the gross proceeds of the Initial Public Offering, $3,415,500
(including the Underwriters’ full exercise of the Over-Allotment Option), which was paid upon the closing of the Initial Public
Offering.

Additionally,
the Underwriters are entitled to a deferred underwriting discount of 2.75% of the gross proceeds of the Initial Public Offering, or $6,957,500
(including the Underwriters’ full exercise of the Over-Allotment Option), payable upon the closing of an initial Business Combination
(the “Deferred Fee”). Of such Deferred Fee, 1.20% will be paid in cash calculated based on the total gross proceeds raised
in the Initial Public Offering, and 1.55% will be paid in cash calculated based on the total capital remaining in the Trust Account following
all properly submitted redemptions in connection with the consummation of the initial Business Combination.

15

KOCHAV
DEFENSE ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

NOTE
7. SHAREHOLDERS’ EQUITY (DEFICIT)

Preference
Shares

The
Company is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. As of September 30