Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 20

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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$10.00 per Private Placement Unit. Each Private Placement Unit consists of one Private Placement Share and one Private Placement Right.
The Private Placement Units are identical to the Public Units, subject to certain limited exceptions.

If
the initial Business Combination is not completed within the Combination Period, the proceeds from the Private Placement held in the
Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law).

NOTE
5. RELATED PARTY TRANSACTIONS

Founder
Shares

On
January 7, 2025, the Sponsor made a capital contribution of $25,000, or approximately $0.007 per share, for which the Company issued
3,835,000 Class B Ordinary Shares to the Sponsor (the “Founder Shares”). On April 3, 2025, the Company issued an additional
4,598,333 Founder Shares to the Sponsor in a share capitalization, resulting in the Sponsor holding an aggregate of 8,433,333 Founder
Shares. As a result, the Sponsor paid approximately $0.003 per Founder Share. Up to 1,100,000 of the Founder Shares were subject to surrender
by the Sponsor for no consideration depending on the extent to which the Over-Allotment Option was exercised. As a result of the full
exercise of the Over-Allotment Option by the Underwriters at the closing of the Initial Public Offering, such 1,100,000 Founder Shares
are no longer subject to forfeiture.

On
May 6, 2025, the Sponsor granted membership interests equivalent to an aggregate of 60,000 Founder Shares (20,000 Founder Shares each)
to the three independent directors of the Company in exchange for their services as independent directors through the initial Business
Combination. In addition, on May 6, 2025, the Sponsor granted membership interests equivalent to 10,000 Founder Shares to the Chief Financial
Officer in exchange for services through the initial Business Combination. The Founder Shares, represented by such membership interests,
will remain with the Sponsor if the holder of such membership interests is no longer serving the Company prior to the initial Business
Combination. The membership interest assignment of the Founder Shares to the holders of such interests are within the scope of ASC 718.
Under ASC 718, share-based compensation associated with equity-classified awards is measured at fair value upon the assignment date.
The total fair value of the 70,000 Founder Shares represented by such membership interests assigned to the