Kochav Defense Acquisition Corp. is seeking shareholder approval to extend its deadline for completing a business combination. Ahead of the Nov. 13 vote, its sponsor has added a commitment to put money into the company’s trust account for public shares that are not redeemed, and plans to convert a large block of founder shares into Class A shares if shareholders approve the extension.
The company has not specified the extension period in this update. The added sponsor contribution and share conversion are both tied to approval of the extension proposal.
Key details
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Vote date and eligibility: Shareholders will vote at an extraordinary meeting on Nov. 13, 2026, at 10 a.m. Eastern time. Holders of ordinary shares as of Oct. 13 are eligible to vote. The company plans to continue soliciting proxies before the meeting.
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Sponsor contribution to the trust: For the first three months after approval, the sponsor or its designees plan to contribute $0.06 for each public share that is not redeemed, subject to a $300,000 aggregate cap for that three-month period.
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Ongoing monthly contributions: After those first three months, the sponsor plans to contribute another $0.02 per nonredeemed public share each month, capped at $100,000 per month.
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Founder-share conversion: If shareholders approve the extension, the sponsor intends to convert 8,433,332 Class B founder shares into the same number of Class A shares. The conversion is to occur in connection with, and before, the extension.
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Restrictions remain in place: The converted shares will remain subject to the restrictions that applied to the Class B shares, including transfer limits, a waiver of redemption rights and an obligation to vote in favor of an initial business combination.
What changes for investors
The sponsor’s payments would add funds to the trust account for public shares that remain outstanding, but the stated caps limit the total contribution. The conversion changes the class designation of the sponsor’s shares; it does not, by itself, increase the total number of shares represented by that block. The converted shares will continue to carry the specified restrictions, including the sponsor’s commitment to support a future business combination.