Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 24

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 exercise of the Over-Allotment Option), payable upon the closing of an initial Business Combination (the “Deferred Fee”).
Of such Deferred Fee, 1.20% will be paid in cash calculated based on the total gross proceeds raised in the Initial Public Offering, and
1.55% will be paid in cash calculated based on the total capital remaining in the Trust Account following all properly submitted redemptions
in connection with the consummation of the initial Business Combination.

NOTE 7. SHAREHOLDER’S DEFICIT

Preference Shares

The Company is authorized to issue a total of
1,000,000 preference shares at par value of $0.0001 each. As of June 30, 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 June 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 June 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 sub-divisions, 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