Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 55

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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the Israel-Hamas conflict and subsequent sanctions or related actions, could adversely affect the Company’s search for an initial
Business Combination and any target business with which the Company may ultimately consummate an initial Business Combination.

Registration Rights

The holders of Founder Shares, Private Placement
Units (and their underlying securities) and Units that may be issued upon conversion of Working Capital Loans (and their underlying securities),
if any, and any Class A ordinary shares issuable upon conversion of the Founder Shares and any Class A ordinary shares held by the initial
shareholders at the completion of the Initial Public Offering or acquired prior to or in connection with the initial Business Combination,
will be entitled to registration rights. These holders will be entitled to make up to three demands, excluding short form demands, and
have piggyback registration rights. SPAC Advisory Partners LLC, a division of Kingswood Capital Partners, LLC, the representative of the
underwriters (“SAP”), may only make a demand on one occasion and only during the five-year period beginning on the effective
date of the Initial Public Offering. In addition, SAP may participate in a piggyback registration only during the seven-year period beginning
on the effective date of the Initial Public Offering. The Company will bear the expenses incurred in connection with the filing of any
such registration statements.

11

KOCHAV DEFENSE ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited) 

Underwriting Agreement

The underwriters had a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 3,300,000 Units to cover over-allotments, if any. On May 29,
2025, the underwriters fully exercised its over-allotment option.

The underwriters were entitled to a cash underwriting
discount of 1.35% of the gross proceeds of the Initial Public Offering, $3,415,500 (including the underwriters’ full exercise of
the over-allotment), which was paid upon the closing of the Initial Public Offering.

Additionally, the underwriters are entitled to
a deferred underwriting discount of 2.75% of the gross proceeds of the Initial Public Offering, or $6,957,500 (including the underwriters’
full exercise of the over-allotment), payable upon the closing of an initial Business Combination. Of such 2.75% per Unit fee, 1