Magnetar Financial LLC and related entities filed a Schedule 13G revealing a 7.35 % passive stake (1.9 million Class A shares) in Kochav Defense Acquisition Corp. ("KCHVU") as of 30 Jun 2025. The shares are allocated across eight Magnetar-managed funds, led by Constellation Master Fund (399 k) and Lake Credit Fund (380 k). All voting and dispositive power is shared; none of the filers possesses sole authority. The ownership calculation is based on 25.82 million shares outstanding reported by the issuer on 29 May 2025. Magnetar Financial acts as investment adviser; Magnetar Capital Partners and Supernova Management serve as parent/GP entities, with David J. Snyderman as managing member. The filers certify the holdings were acquired in the ordinary course and not to influence control. A joint-filing agreement (Ex. 99.1) and previously granted power of attorney (Ex. 99.2) accompany the filing.
Kochav Defense Acquisition Corp. filed an 8-K announcing that, beginning 21 July 2025, investors may separate the KCHVU units sold in its IPO. Each unit contains (i) one Class A ordinary share and (ii) one right to receive 1⁄7 of a Class A share following the SPAC’s initial business combination. After separation:
- Units will continue to trade on Nasdaq as KCHVU
- Class A ordinary shares will trade as KCHV
- Rights will trade as KCHVR
Unit holders that wish to separate must have their brokers contact the transfer agent, Continental Stock Transfer & Trust Company, to exchange certificates. No financial results, guidance, or transaction details were provided. The filing includes a related press release (Exhibit 99.1) and reiterates the company’s emerging-growth-company status. Other sections contain only standard regulatory check-boxes and signature blocks.