Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 20

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 purchase up to an additional 3,300,000 Units to cover over-allotments, if any. On May 29,
2025, the underwriters fully exercised its over-allotment option.

The underwriters were entitled to a cash underwriting
discount of 1.35% of the gross proceeds of the Initial Public Offering, $3,415,500 (including the underwriters’ full exercise of
the over-allotment), which was paid upon the closing of the Initial Public Offering.

Additionally, the underwriters are entitled to
a deferred underwriting discount of 2.75% of the gross proceeds of the Initial Public Offering, or $6,957,500 (including the underwriters’
full exercise of the over-allotment), payable upon the closing of an initial Business Combination. Of such 2.75% per Unit fee, 1.20% will
be paid in cash calculated based on the total gross proceeds raised in the Initial Public Offering, and 1.55% will be paid in cash calculated
based on the total capital remaining in the Trust Account following all properly submitted redemptions in connection with the consummation
of the initial Business Combination.

NOTE 7. SHAREHOLDER’S EQUITY

Preference Shares — The
Company is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. As of March 31, 2025, there were no
preference shares issued or outstanding.

Class A Ordinary Shares — The
Company is authorized to issue a total of 200,000,000 Class A ordinary shares at par value of $0.0001 each. As of March 31, 2025,
there were there were no Class A ordinary shares issued and outstanding.

Class B Ordinary Shares —
The Company is authorized to issue a total of 20,000,000 Class B ordinary shares at par value of $0.0001 each. As of March 31, 2025, there
were 8,433,333 Class B ordinary shares issued and outstanding.

The Founder Shares will automatically convert
into Class A ordinary shares concurrently with or immediately following the consummation of the initial Business Combination or earlier
at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like. In the case that additional