Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 70

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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, 2025, there were
no preference shares issued or outstanding.

Class A
Ordinary Shares

The
Company is authorized to issue a total of 200,000,000 Class A Ordinary Shares. As of September 30, 2025, there were 524,050 Class A
Ordinary Shares issued and outstanding, excluding 25,300,000 Public Shares subject to possible redemption.

Class
B Ordinary Shares

The
Company is authorized to issue a total of 20,000,000 Class B Ordinary Shares. As of September 30, 2025, there were 8,433,333 Class B
Ordinary Shares issued and outstanding.

The
Founder Shares will automatically convert into Class A Ordinary Shares concurrently with or immediately following the consummation
of the initial Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share subdivisions,
share capitalizations, reorganizations, recapitalizations and the like. In the case that additional Class A Ordinary Shares, or
any other equity-linked securities, are issued or deemed issued in excess of the amounts sold in the Initial Public Offering and related
to or in connection with the closing of the initial Business Combination, the ratio at which Class B Ordinary Shares convert into
Class A Ordinary Shares will be adjusted (unless the holders of a majority of the outstanding Class B Ordinary Shares agree
to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A Ordinary Shares issuable
upon conversion of all Class B Ordinary Shares will equal, in the aggregate, 25% of the sum of (i) the total number of all
Ordinary Shares outstanding upon the completion of the Initial Public Offering (including any Class A Ordinary Shares 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