Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 41

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 8
Chunk 41
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actors related to the potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the
Trust Account and instead to hold the funds in the Trust Account in cash or in an interest bearing demand deposit account at a bank. Except
for the withdrawal of interest to pay taxes, other than excise taxes, if any, and up to $100,000 to pay dissolution expenses, as applicable,
if any, the proceeds from the Initial Public Offering and the sale of the Private Placement Units will not be released from the Trust
Account until the earliest of (i) the completion of the initial Business Combination, (ii) the redemption of the Company’s public
shares if the Company is unable to complete the initial Business Combination within 18 months (which the Company may, at the Sponsor’s
option, extend two times, each by an additional three (3) months, without shareholder approval, for a total of 24 months, from the closing
of the Initial Public Offering), or by such earlier liquidation date as the board of directors may approve (the “Completion Window”),
subject to applicable law, or (iii) the redemption of the Company’s public shares properly submitted in connection with a shareholder
vote to amend the Company’s amended and restated memorandum and articles of association to (A) modify the substance or timing of
the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Company’s
public shares if the Company has not consummated an initial Business Combination within the Completion Window or (B) with respect to any
other material provisions relating to shareholders’ rights or pre-initial Business Combination activity. The proceeds deposited
in the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority over the claims
of the Company’s public shareholders.

5

KOCHAV DEFENSE ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited) 

The Company will provide the Company’s public
shareholders with the opportunity to redeem all or a portion of their public shares upon the completion of the initial Business Combination
either (i) in connection with a general meeting called to approve the initial Business Combination or (ii) without a shareholder vote
by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a proposed initial Business Combination
or conduct a tender offer will