Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 26

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 B
Ordinary Shares have the right to vote on (i) the appointment and removal of directors and (ii) continuing the company in a jurisdiction
outside the Cayman Islands (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 are not entitled to vote on these matters during such time. These provisions of the Amended
and Restated Articles 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.

Rights

Except in cases where the Company is not the surviving
company in a Business Combination, each holder of a 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 Right will be required to affirmatively convert its Rights in order to receive the one seventh
(1/7) of one Class A Ordinary Share underlying each Right upon consummation of the Business Combination. The Company will not issue
fractional shares in connection with an exchange of 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 Rights must hold Rights
in multiples of seven in order to receive shares for all of the 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 Rights will not receive any of such funds for their Rights and the Rights will expire worthless.

Note
8 — Fair Value Measurements

“Fair value” is defined as the price
that would be received for sale of an asset or paid for transfer of a liability in an orderly transaction between market participants
at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring