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

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 issued pursuant to the Over-Allotment Option and excluding
the securities underlying the Private Placement Units issued to the Sponsor), plus (ii) all Class A Ordinary Shares and equity-linked
securities issued or deemed issued, in connection with the closing of the initial Business Combination (excluding any shares or equity-linked
securities issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent units issued
to the Sponsor or any of its affiliates or to the officers or directors of the Company upon conversion of Working Capital Loans) minus
(iii) any redemptions of Class A Ordinary Shares by Public Shareholders in connection with an initial Business Combination;
provided that such conversion of Founder Shares will never occur on a less than one-for-one basis.

14

KOCHAV DEFENSE ACQUISITION CORP.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Holders of record of the Ordinary Shares are entitled
to one vote for each share held on all matters to be voted on by shareholders. Unless specified in the Amended and Restated Articles or
as required by the Companies Act (As Revised) of the Cayman Islands or stock exchange rules, an ordinary resolution under Cayman Islands
law and the Amended and Restated Articles, which requires the affirmative vote of at least a majority 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 is
generally required to approve any matter voted on by our shareholders. Approval of certain actions requires a special resolution under
Cayman Islands law, which (except as specified below) requires the affirmative vote of at least 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 (a “Special
Resolution”), and pursuant to the Amended and Restated Articles, such actions include amending the Amended and Restated Articles
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