Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 68

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 68
---
 loan the Company Working Capital Loans as may be required.
If the Company completes a Business Combination, the Company will repay the Working Capital Loans. In the event that a Business Combination
does not close, the Company may use a portion of the working capital held outside the Trust Account to repay the Working Capital Loans,
but no proceeds from the Trust Account would be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans
may be convertible into units of the post-Business Combination entity at a price of $10.00 per unit at the option of the lender.
Such units would be identical to the Private Placement Units. As of September 30, 2025, no such Working Capital Loans were outstanding.

14

KOCHAV
DEFENSE ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

NOTE
6. COMMITMENTS AND CONTINGENCIES

Risks
and Uncertainties

The
Company’s ability to complete an initial Business Combination may be adversely affected by various factors, many of which are beyond
the Company’s control. The Company’s ability to consummate an initial Business Combination could be impacted by, among other
things, changes in laws or regulations, downturns in the financial markets or in economic conditions, inflation, fluctuations in interest
rates, increases in tariffs, supply chain disruptions, declines in consumer confidence and spending, public health considerations, and
geopolitical instability, such as the military conflicts in Ukraine and the Middle East. The Company cannot at this time predict the
likelihood of one or more of the above events, their duration or magnitude or the extent to which they may negatively impact the Company’s
ability to complete an initial Business Combination.

Registration
Rights Agreement

The
holders of Founder Shares, Private Placement Units (and their underlying securities) and units (and their underlying securities) that
may be issued upon conversion of Working Capital Loans, if any, and any Class A Ordinary Shares issuable upon conversion of the Founder
Shares and any Class A Ordinary Shares held by the Company’s initial shareholders at the completion of the Initial Public Offering
or acquired prior to or in connection with the initial Business Combination, are entitled to registration rights. These holders are entitled
to make up to three demands, excluding short form demands, and have piggyback registration rights. SPAC Advisory Partners LLC, a division
of Kingswood Capital Partners, LLC