Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 5

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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00 per Unit) from the net proceeds of the sale of the Units, and a portion of the proceeds
of the sale of the Private Placement Units, are held in a trust account (the “Trust Account”) and may only be invested in
U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule
2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury obligations; the holding of these assets in
this form is intended to be temporary and for the sole purpose of facilitating the intended Business Combination. To mitigate the risk
that might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that the
Company holds investments in the Trust Account, the Company may, at any time (based on management team’s ongoing assessment of all
factors related to the potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the
Trust Account and instead to hold the funds in the Trust Account in cash or in an interest bearing demand deposit account at a bank. Except
for the withdrawal of interest to pay taxes, other than excise taxes, if any, and up to $100,000 to pay dissolution expenses, as applicable,
if any, the proceeds from the Initial Public Offering and the sale of the Private Placement Units will not be released from the Trust
Account until the earliest of (i) the completion of the initial Business Combination, (ii) the redemption of the Company’s public
shares if the Company is unable to complete the initial Business Combination within 18 months (which the Company may, at the Sponsor’s
option, extend two times, each by an additional three (3) months, without shareholder approval, for a total of 24 months, from the closing
of the Initial Public Offering), or by such earlier liquidation date as the board of directors may approve (the “Completion Window”),
subject to applicable law, or (iii) the redemption of the Company’s public shares properly submitted in connection with a shareholder
vote to amend the Company’s amended and restated memorandum and articles of association to (A) modify the substance or timing of
the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Company’s
public shares if the Company has not consummated an initial Business Combination within the Completion Window or (B) with respect to any
other material provisions relating