Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 58

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 8
Chunk 58
---
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. The Company will not issue fractional shares in connection with an exchange of Share Rights.
Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions
of Cayman Islands law. As a result, holders of Share Rights must hold Share Rights in multiples of 7 in order to receive shares for all
of the Share Rights upon closing of a Business Combination. If the Company is unable to complete an initial Business Combination within
the required time period and the Company redeems the public shares for the funds held in the Trust Account, holders of Share Rights will
not receive any of such funds for their Share Rights and the Share Rights will expire worthless.

NOTE 8. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic