Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 79

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 2
Chunk 79
---
 “Final Prospectus”). Any of the previously disclosed risk factors could
result in a significant or material adverse effect on our results of operations or financial condition. Additional risk factors not presently
known to us or that we currently deem immaterial may also impair our business or results of operations. We may disclose changes to such
risk factors or disclose additional risk factors from time to time in our future filings with the SEC.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

Unregistered Sale of Equity Securities

On January 7, 2025, Kochav Sponsor LLC, our
sponsor, paid $25,000, or approximately $0.007 per share, to cover certain of our offering costs in exchange for 3,835,000 Class B
ordinary shares, or founder shares. In April 2025, we issued an additional 4,598,333 founder shares to our sponsor in a share capitalization,
resulting in our sponsor holding an aggregate of 8,433,333 founder shares. As a result, our sponsor paid approximately $0.003 per founder
share. Such securities were issued in connection with our organization pursuant to the exemption from registration contained in Section 4(a)(2) of
the Securities Act. No underwriting discounts or commissions were paid with respect to such issuances. The founder shares are automatically
convertible into Class A ordinary shares concurrently with or immediately following the consummation of our initial Business Combination,
or earlier at the option of the holder, on a one-for-one basis, subject to adjustment.

Subsequent to the quarterly period covered by
this Report, on May 29, 2025, the Company consummated its Initial Public Offering of 25,300,000 Units, including the exercise in
full by the underwriters of an option to purchase up to 3,300,000 Units at the offering price to cover over-allotments. The Units were
sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $253,000,000. Simultaneously with the closing of the IPO,
pursuant to the Sponsor Private Placement Units Purchase Agreement, the Company completed the private sale of an aggregate of 524,050
Private Placement Units to the Sponsor at a price of $10.00 per Private Placement Unit. The Private Placement Units (and underlying securities)
are identical to the units included in the Units sold in the IPO, except as otherwise