Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 21

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 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 issued pursuant to the underwriters’ over-allotment option
and excluding the securities underlying the private placement units issued to the Sponsor), plus (ii) all Class A ordinary shares
and equity-linked securities issued or deemed issued, in connection with the closing of the initial Business Combination (excluding any
shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent
units issued to the Sponsor or any of its affiliates or to the officers or directors of the Company upon conversion of working capital
loans) minus (iii) any redemptions of Class A ordinary shares by public shareholders in connection with an initial Business
Combination; provided that such conversion of Founder Shares will never occur on a less than one-for-one basis. Holders of record of the
Company’s Class A ordinary shares and Class B ordinary shares are entitled to one vote for each share held on all matters
to be voted on by shareholders. Unless specified in the amended and restated memorandum and articles of association or as required by
the Companies Act or stock exchange rules, an ordinary resolution under Cayman Islands law and the amended and restated memorandum and
articles of association, which requires the affirmative vote of at least a majority of the votes cast by such shareholders as, being entitled
to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company is generally required
to approve any matter voted on by our shareholders. Approval of certain actions requires a special resolution under Cayman Islands law,
which (except as specified below) requires the affirmative vote of at least two-thirds of the votes cast by such shareholders