Kochav Defense Acquisition Corp. said Kochav Sponsor LLC or its designees will contribute to the company’s trust account if shareholders approve the Extension Amendment Proposal. For each public share not redeemed in connection with the November 13, 2026 meeting, the contribution is $0.06 for the first three months after approval, capped at $300,000 in total over that period; thereafter, it is $0.02 per share each month, capped at $100,000 per month. The definitive proxy statement filed October 19, 2026 did not provide for a sponsor contribution.
Upon approval, the Sponsor also intends to convert 8,433,332 Class B ordinary shares into an equal number of Class A ordinary shares. The converted shares will remain subject to the transfer restrictions, waiver of redemption rights, and obligation to vote in favor of an initial business combination that applied to the Class B shares. The extraordinary general meeting is scheduled for November 13, 2026, at 10:00 a.m. Eastern time; holders of Ordinary Shares as of the close of business on October 13, 2026, are entitled to vote.
Kochav Defense Acquisition Corp. is asking shareholders to extend its business-combination deadline from November 29, 2026 to November 29, 2027, or an earlier date set by the board, without a new Trust Account deposit. Shareholders are also asked to ratify WithumSmith+Brown, PC as 2026 auditor and approve an adjournment if extension votes are insufficient.
The Sponsor says it does not intend to make the existing payments for two three-month extensions: $2,530,000 per period, or $5,060,000 and $0.20 per Public Share in total. If approved, those payments would no longer be available; the Trust Account would increase only through interest, net of amounts withdrawn to pay taxes. Public holders may redeem for approximately $10.53 per share, based on an approximately $266.5 million Trust Account balance, both as of October 16, 2026. Holders who do not redeem forgo up to $0.20 per share of contemplated funding.
Approval requires at least two-thirds of votes cast. If the proposal is not approved and Kochav has not completed a business combination by November 29, 2026, it would cease operations, redeem 100% of Public Shares as promptly as reasonably possible but no more than 10 business days thereafter, subject to lawfully available funds, and liquidate. Kochav's quarterly financial statements for the period ended June 30, 2026 state that liquidity and mandatory liquidation provisions raise substantial doubt about its ability to continue as a going concern.
Kochav Defense Acquisition Corp., a Cayman Islands SPAC focused on defense and aerospace targets, reported net income of $2.1 million for the quarter and $4.2 million for the six months ended June 30, 2026, driven almost entirely by $4.6 million of dividends on investments in its Trust Account.
Total assets were $263.97 million, including $263.62 million held in the Trust Account, with 25.3 million Class A shares classified as redeemable at $10.42 per share. Cash outside the Trust Account was $213,329 and working capital surplus was $321,357, while a deferred underwriting fee of $6.96 million remains outstanding.
The company has not yet entered into a definitive business combination agreement and must complete a deal by November 29, 2026, extendable at the sponsor’s option to May 29, 2027. Management discloses that limited liquidity and mandatory liquidation provisions raise substantial doubt about its ability to continue as a going concern.
Kochav Defense Acquisition Corp. filed its quarterly report for the period ended March 31, 2026, showing net income of $2.1 million, driven mainly by $2.28 million of dividends on funds held in its trust account.
The SPAC has $261.3 million invested in its U.S. trust account and $458,393 of cash outside the trust for working capital, resulting in a working capital surplus of $496,635. Operating activity remains limited to public company costs and evaluating potential targets, with general and administrative expenses of $202,108 for the quarter.
The company still has not entered into a definitive agreement for a Business Combination. It has until November 29, 2026, with potential extensions to May 29, 2027, to close a deal or liquidate. Management discloses that substantial doubt exists about its ability to continue as a going concern if no transaction or additional financing is completed within the required period.
W. R. Berkley Corporation amended a Schedule 13G reporting beneficial ownership in Kochav Defense Acquisition Corp. The filing states 1,690,352 shares beneficially owned, representing 6.5% of the Class A ordinary shares, with shared voting and dispositive power over those shares. The amendment is signed by Richard M. Baio on 05/07/2026.
Kochav Defense Acquisition Corp., a Cayman Islands-based SPAC focused on defense and aerospace, filed its annual report describing its structure, capital and deal timeline. The company has not yet selected a Business Combination target and has generated no operating revenues.
The SPAC completed its IPO on May 29, 2025, selling 25,300,000 units at $10.00 each for gross proceeds of $253,000,000 and a concurrent private placement of 524,050 units for $5,240,500. A total of $253,000,000 was deposited into a Trust Account. As of December 31, 2025, the pro rata redemption price was about $10.24 per public share and funds available for a Business Combination were $259,039,707 before redemptions and other adjustments.
The combination period currently runs to November 29, 2026 and may be extended to May 29, 2027, with further extensions possible via shareholder-approved amendments. As of March 30, 2026, 25,824,050 Class A ordinary shares and 8,433,333 Class B ordinary shares were outstanding, and public shareholders face potential dilution from founder shares, private placement rights and possible working capital loan conversions.
Bank of Montreal and affiliates filed an amended Schedule 13G reporting that they beneficially own 0 units, or 0% of the class, of Kochav Defense Acquisition Corp as of 12/31/2025. The securities are units, each consisting of one Class A ordinary share and one right.
The reporting persons are Bank of Montreal, Bank of Montreal Holding Inc., and BMO Nesbitt Burns Inc., each showing no sole or shared voting or dispositive power. They state the securities were held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
W. R. Berkley Corporation, through subsidiary Berkley Insurance Company, reports beneficial ownership of 1,686,575 Class A ordinary shares of Kochav Defense Acquisition Corp. This represents 6.5% of the class as of the event date 12/31/2025.
The shares are held with shared voting and shared dispositive power, and no sole voting or dispositive power. The filer certifies the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Kochav Defense Acquisition Corp.
Aristeia Capital, L.L.C. reports beneficial ownership of 1,325,000 Units of Kochav Defense Acquisition Corp., where each Unit consists of one Class A ordinary share and one right. The stake represents approximately 5.13% of the class, calculated using 25,824,050 shares outstanding as reported for the issuer's quarter ended March 31, 2025.
The filing states the Reporting Person has sole voting and sole dispositive power over all 1,325,000 Units and classifies the filer as IN, HC. The certifying statement indicates the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.
AQR Capital Management and related entities reported beneficial ownership of 1,875,000 units of Kochav Defense Acquisition Corp. Class A ordinary shares, representing 7.26% of the class. The filing shows no sole voting or dispositive power; all voting and disposition authority is reported as shared (1,875,000) across the reporting entities.
The Schedule identifies AQR Capital Management, LLC, AQR Capital Management Holdings, LLC and AQR Arbitrage, LLC as the reporting persons and states the holdings are held in the ordinary course of business and were not acquired to change or influence control. The exhibit clarifies that AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC and that AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC.