Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 40

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 8
Chunk 40
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, the Company consummated the private sale of 524,050 units at a price of $10.00 per private placement unit (“Private
Placement Units”), to the Sponsor. The Private Placement Units (and underlying securities) are identical to the Units sold in the
Initial Public Offering, except as otherwise disclosed herein. No underwriting discounts or commissions were paid with respect to such
sale.

Transaction costs amounted to $11,024,267, consisting
of $3,415,500 of cash underwriting fee, $6,957,500 deferred underwriting fee and $651,267 of other offering costs.

The Business Combination must be with one or more
target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account (as defined below)
(excluding the amount of deferred underwriting discounts held and taxes payable on the income earned on the Trust Account) at the time
of the signing an agreement to enter into a Business Combination. However, the Company will only complete a Business Combination if the
post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires
a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company
Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able to successfully
effect a Business Combination.

Upon the closing of the Initial Public Offering
on May 29, 2025, an amount of $253,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units, and a portion of the proceeds
of the sale of the Private Placement Units, are held in a trust account (the “Trust Account”) and may only be invested in
U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule
2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury obligations; the holding of these assets in
this form is intended to be temporary and for the sole purpose of facilitating the intended Business Combination. To mitigate the risk
that might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that the
Company holds investments in the Trust Account, the Company may, at any time (based on management team’s ongoing assessment of all
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