Kochav Defense Acquisition Corp. Announces Sponsor Cash Contribution to Trust Account in Connection with Proposed Extension
Kochav Defense Acquisition Corp.'s sponsor will contribute cash to the trust account if shareholders approve extending the deadline to complete an initial business combination, with the vote set for November 13, 2026. The sponsor would deposit $0.06 per non-redeemed public share for the first three months (up to $300,000) and $0.02 per share per month thereafter (up to $100,000 per month); the original proxy had no sponsor contribution. The sponsor also plans to convert 8,433,332 Class B shares into Class A shares under the same restrictions.
Key figures
- Egm date
- November 13, 2026
- Sponsor deposit cap monthly
- $100,000
- Sponsor class b shares converted
- 8433332
- Sponsor deposit per share thereafter
- $0.02 per share per month
- Sponsor deposit cap first three months
- $300,000
- Sponsor deposit per share first three months
- $0.06
AI analysis
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