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Kochav Defense Acquisition Corp. (Nasdaq: KCHVU) has announced that starting July 21, 2025, holders of units from its initial public offering can begin separately trading the company's Class A ordinary shares and rights. The separated securities will trade on the Nasdaq Global Market under distinct symbols: "KCHV" for Class A ordinary shares and "KCHVR" for rights.
Units that remain unseparated will continue trading under the existing symbol "KCHVU". The company emphasizes that this announcement does not constitute an offer to sell or solicitation to buy securities in jurisdictions where such actions would be unlawful without proper registration.
Kochav Defense Acquisition Corp. (NASDAQ: KCHVU) has successfully completed its initial public offering (IPO), raising $253 million through the sale of 25.3 million units at $10.00 per unit. Each unit comprises one Class A ordinary share and one right to receive 1/7 of a Class A ordinary share upon business combination completion.
The company also secured a concurrent private placement of 524,050 units at $10.00 per unit, generating additional proceeds of $5.24 million. Trading began on May 28, 2025, with the units listed on Nasdaq under "KCHVU". Once separate trading begins, shares and rights will trade under "KCHV" and "KCHVR" respectively.
As a blank check company, Kochav Defense aims to pursue business combinations in the defense and aerospace industries. The management team is led by CEO Menny Shalom and CFO Asaf Yarkoni, with SPAC Advisory Partners LLC serving as the sole book-running manager.
Kochav Defense Acquisition Corp. (NASDAQ: KCHVU) has announced the pricing of its initial public offering (IPO) of 22,000,000 units at $10.00 per unit, totaling $220 million. Each unit includes one Class A ordinary share and one right to receive one-seventh of a Class A ordinary share upon completing an initial business combination.
Trading begins May 28, 2025, on Nasdaq under "KCHVU". Once separate trading starts, shares and rights will trade as "KCHV" and "KCHVR". The company, led by CEO Menny Shalom and CFO Asaf Yarkoni, is a blank check company focusing on defense and aerospace industries. SPAC Advisory Partners LLC served as sole book-runner, with a 45-day option to purchase up to 3,300,000 additional units.
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