Kochav Defense Acquisition Corp. Announces Sponsor Cash Contribution to Trust Account in Connection with Proposed Extension
Key Highlights
- ➤Sponsor to deposit $0.06 per non-redeemed share for first three months
- ➤Contributions capped at $300,000 initially and $100,000 monthly thereafter
- ➤Shareholders vote on proposed extension November 13, 2026
- ➤Sponsor plans to convert 8,433,332 Class B shares into Class A
Expert Statements
Menachem Shalom, Chief Executive Officer of Kochav Defense Acquisition Corp.
“Adding cash to the trust account puts more of the Sponsor’s capital alongside our public shareholders as we work to complete a business combination”
Sponsor to deposit $0.06 per non-redeemed public share for the first three months (up to $300,000 in the aggregate) and $0.02 per share per month thereafter (up to $100,000 per month)
NEW YORK, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Kochav Defense Acquisition Corp. (Nasdaq: KCHV, KCHVU, KCHVR) (“Kochav” or the “Company”) today announced that its sponsor, Kochav Sponsor LLC (the “Sponsor”), will contribute cash to the Company’s trust account in connection with the proposed extension of the date by which the Company must complete its initial business combination (the “Extension”). Shareholders will vote on the Extension at the Company’s extraordinary general meeting on November 13, 2026, at 10:00 a.m. Eastern time (the “EGM”).
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