Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 38

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 SPAC;

●limited
availability of market quotations for our securities;

●reduced
liquidity for our securities;

●the
possibility that our Class A Ordinary Shares would be deemed “penny stock,” which will require brokers trading in our Class
A Ordinary Shares to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading
market for our securities;

●limited
news and analyst coverage; and

●decreased
ability to issue additional securities or obtain additional financing in the future.

In addition, if our securities are delisted from Nasdaq, trading in
our securities, and offers and sales of our securities by us, may be subject to state securities regulation and additional compliance
costs.

The share price of the post-Business Combination company may
be less than the Redemption Price (as defined below) of our Public Shares. 

Each Public Unit sold in our Initial Public Offering
at an offering price of $10.00 per Public Unit consisted of one Public Share and one Public Right. Of the proceeds we received from the
Initial Public Offering and the Private Placement, $253,000,000 was placed in our Trust Account. We will provide our Public Shareholders
the opportunity to redeem all or a portion of their Public Shares in connection with the completion of our initial Business Combination,
and potentially upon the occurrence of certain other events prior to our initial Business Combination. We expect that the pro rata redemption
price in any redemption will be approximately $10.04 per Public Share as of June 30, 2024 (before taxes payable, if any, and such amount,
the “Redemption Price”), representing a pro rata portion of our Trust Account without taking into account any interest or
other income earned on such funds (less any withdrawals from such interest or income for taxes paid), although the Redemption Price may
be less in certain circumstances. As a result, Public Shareholders who own our Public Shares on a redemption date can anticipate receiving
the Redemption Price in connection with a redemption for each Public Share that they choose to redeem.

There can be no assurance that, after our initial
Business Combination, our Public Shareholders would be able to sell their shares in the post-Business Combination company for the Redemption
Price, or any higher price. We have not, as yet, identified a target and are therefore unable to provide any assurances as to its financial
condition, business prospects or potential risks. It is therefore possible that the share price of the post-B