Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 23

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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ITION 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, the representative of the underwriters (“SAP”), may only make a demand on one occasion
and only during the five-year period beginning on May 27, 2025. In addition, SAP may participate in a piggyback registration only during
the seven-year period beginning on May 27, 2025. The Company will bear the expenses incurred in connection with the filing of any such
registration statements.

Underwriting
Agreement

The
several underwriters of the Initial Public Offering (the “Underwriters”) had a 45-day option from the date of the Initial Public
Offering to purchase up to an additional 3,300,000 Option Units to cover over-allotments, if any (the “Over-Allotment Option”).
On May 29