Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 65

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 65
---
 that any other issued, but not effective, accounting standards, if currently adopted, would have a material effect on
the accompanying unaudited condensed financial statements.

NOTE
3. INITIAL PUBLIC OFFERING

On
May 29, 2025, the Company sold 25,300,000 Public Units (which included 3,300,000 Option Units issued pursuant to the full of the Over-Allotment
Option) at a purchase price of $10.00 per Public Unit. Each Public Unit had an offering price of $10.00 and consists of one Public Share
and one Public Right.

NOTE
4. PRIVATE PLACEMENT

Simultaneously
with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 524,050 Private Placement Units at a price of
$10.00 per Private Placement Unit. Each Private Placement Unit consists of one Private Placement Share and one Private Placement Right.
The Private Placement Units are identical to the Public Units, subject to certain limited exceptions.

If
the initial Business Combination is not completed within the Combination Period, the proceeds from the Private Placement held in the
Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law).

NOTE
5. RELATED PARTY TRANSACTIONS

Founder
Shares

On
January 7, 2025, the Sponsor made a capital contribution of $25,000, or approximately $0.007 per share, for which the Company issued
3,835,000 Class B Ordinary Shares to the Sponsor (the “Founder Shares”). On April 3, 2025, the Company issued an additional
4,598,333 Founder Shares to the Sponsor in a share capitalization, resulting in the Sponsor holding an aggregate of 8,433,333 Founder
Shares. As a result, the Sponsor paid approximately $0.003 per Founder Share. Up to 1,100,000 of the Founder Shares were subject to surrender
by the Sponsor for no consideration depending on the extent to which the Over-Allotment Option was exercised. As a result of the full
exercise of the Over-Allotment Option by the Underwriters at the closing of the Initial Public Offering, such 1,100,000 Founder Shares
are no longer subject to forfeiture.

On
May 6, 2025, the Sponsor granted membership interests equivalent to an aggregate of 60,000 Founder Shares (20,000 Founder Shares each)
to the three independent directors of the