Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 135

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 4
Chunk 135
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”) and/or demonstrates compliance
with all applicable initial listing requirements, the combined company can apply to list its securities on Nasdaq pursuant to the normal
application review process. The Nasdaq Rules contain a list of deficiencies that would immediately result in a Staff Delisting Determination,
which includes noncompliance with the Nasdaq 36-Month Requirement.

22

Accordingly, were we to amend our Amended and
Restated Articles to extend the date by which we are permitted to consummate our initial Business Combination, we would still need to
consummate our initial Business Combination on or prior to May 27, 2028 in order to avoid a suspension of our securities from trading
on and delisting from Nasdaq. If Nasdaq were to suspend our securities from trading and delist our securities, our securities could potentially
be quoted on an over-the-counter market. Even if our securities are then quoted on an over-the-counter market, our Nasdaq suspension and
delisting could have significant material adverse consequences, including:

●making
our securities appear to be less attractive to potential target companies than the securities of an exchange listed 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