Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 57

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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 underlying the private placement units issued to the Sponsor), plus (ii) all Class A ordinary shares
and equity-linked securities issued or deemed issued, in connection with the closing of the initial Business Combination (excluding any
shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent
units issued to the Sponsor or any of its affiliates or to the officers or directors of the Company upon conversion of working capital
loans) minus (iii) any redemptions of Class A ordinary shares by public shareholders in connection with an initial Business
Combination; provided that such conversion of Founder Shares will never occur on a less than one-for-one basis. Holders of record of the
Company’s Class A ordinary shares and Class B ordinary shares are entitled to one vote for each share held on all matters
to be voted on by shareholders. Unless specified in the amended and restated memorandum and articles of association or as required by
the Companies Act or stock exchange rules, an ordinary resolution under Cayman Islands law and the amended and restated memorandum and
articles of association, which requires the affirmative vote of at least a majority of the votes cast by such shareholders as, being entitled
to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company is generally required
to approve any matter voted on by our shareholders. Approval of certain actions requires a special resolution under Cayman Islands law,
which (except as specified below) requires the affirmative vote of at least two-thirds of the votes cast by such shareholders as, being
entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting, and pursuant to the amended
and restated memorandum and articles of association, such actions include amending the amended and restated memorandum and articles of
association and approving a statutory merger or consolidation with another company. There is no cumulative voting with respect to the
appointment of directors, meaning, following an initial Business Combination, the holders of more than 50% of the ordinary shares voted
for the appointment of directors can elect all of the directors. Prior to the consummation of the initial Business Combination, only holders
of the Class B ordinary shares will (i) have the right to vote on the appointment and removal of directors and (ii) be
entitled to vote on continuing the company in a jurisdiction outside the Cayman Islands (