Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 23

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 likelihood of one or more of
the above events, their duration or magnitude or the extent to which they may negatively impact the Company’s ability to complete
an initial Business Combination.

Registration Rights

The holders of Founder Shares, Private Placement
Units (and their underlying securities) and units (and their underlying securities) that may be issued upon conversion of Working Capital
Loans, if any, and any Class A Ordinary Shares issuable upon conversion of the Founder Shares and any Class A Ordinary Shares held by
the Company’s initial shareholders at the completion of the Initial Public Offering or acquired prior to or in connection with the
initial Business Combination, are entitled to registration rights. These holders are entitled to make up to three demands, excluding short
form demands, and have piggyback registration rights. SPAC Advisory Partners LLC, a division of Kingswood Capital Partners, LLC, 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.

13

KOCHAV DEFENSE ACQUISITION CORP.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Underwriting Agreement

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