Kochav Defense Acquisition Corp. Announces Pricing of $220,000,000 Initial Public Offering

Company Overview - Kochav Defense Acquisition Corp. is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [2] - The company intends to focus on the defense and aerospace industries for its initial business combination target [2] - The management team includes Menny Shalom as CEO and Asaf Yarkoni as CFO, with independent directors Doron Dovrat, Yair Ramati, and Gill Zaphrir [2] Initial Public Offering (IPO) Details - The company announced the pricing of its IPO, offering 22,000,000 units at a price of $10.00 per unit [1] - The units are expected to be listed on the Nasdaq Global Market under the ticker symbol "KCHVU" starting May 28, 2025 [1] - Each unit consists of one Class A ordinary share and one right to receive one-seventh (1/7) of a Class A ordinary share upon the completion of the initial business combination [1] - The offering is expected to close on May 29, 2025, subject to customary closing conditions [1] Underwriting and Legal Counsel - SPAC Advisory Partners LLC acted as the sole book-running manager for the offering [3] - Legal counsel for the company includes Ellenoff Grossman & Schole LLP and Appleby (Cayman) Ltd., while Loeb & Loeb LLP served as legal counsel to the underwriters [3] - The company has granted underwriters a 45-day option to purchase up to an additional 3,300,000 units at the IPO price to cover over-allotments [3] Regulatory Information - A registration statement relating to the units and underlying securities was declared effective by the Securities and Exchange Commission on May 27, 2025 [4] - The offering is being made only by means of a prospectus, which can be obtained from Kingswood Capital Partners, LLC [5]