Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 17

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 respect to any other material provisions relating to shareholders’
rights or pre-initial Business Combination activity, (C) waive their rights to liquidating distributions from the Trust Account with
respect to their Founder Shares or private placement shares if the Company fails to complete the initial Business Combination within the
completion window, although they will be entitled to liquidating distributions from the Trust Account with respect to any public shares
they hold if the Company fails to complete the initial Business Combination within such time period and to liquidating distributions from
assets outside the Trust Account and (D) vote any Founder Shares and private placement shares held by them and any public shares
purchased during or after the Initial Public Offering (including in open market and privately-negotiated transactions, aside from shares
they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor
of approving the Business Combination transaction) in favor of the initial Business Combination, (iv) the Founder Shares are automatically
convertible into Class A ordinary shares in connection with the consummation of the initial Business Combination or earlier at the
option of the holder on a one-for-one basis, subject to adjustment as described herein and in the Company’s amended and restated
memorandum and articles of association, and (v) prior to the closing of the initial Business Combination, only holders of the Class B
ordinary shares will be entitled to vote on the appointment and removal of directors or continuing the company in a jurisdiction outside
the Cayman Islands (including any special resolution required to amend the constitutional documents or to adopt new constitutional documents,
in each case, as a result of the Company approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands).

Promissory Note — Related Party

The Sponsor had agreed to loan the Company an
aggregate of up to $300,000 to be used for a portion of the expenses of the Initial Public Offering. The loan was non-interest bearing,
unsecured and due at the earlier of December 31, 2025 or the closing of the Initial Public Offering. As of March 31, 2025, the Company
borrowed $113,195 under the promissory note. Subsequently, the Company borrowed an aggregate total of $207,494 and repaid the full amount
of $207,494 on June 2, 2025. Borrowings under the note are no longer available.

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