Kochav Defense Acquisition, a blank check company targeting the defense and aerospace industries, raised $220 million by offering 22 million units at $10. Each unit consists of one share of common stock and one right to receive one-seventh of a share upon the completion of an initial business combination.
Kochav Defense Acquisition is led by CEO and Director Menachem Shalom, whose current roles include serving as CEO of Nukkleus (which went public via SPAC and trades under the symbol NUKK) and OTC-listed Motomova, as well as founder and CEO of OTC-listed fintech Hold Me. The SPAC plans to target the defense and aerospace industries.
Kochav Defense Acquisition plans to list on the Nasdaq under the symbol KCHVU. SPAC Advisory Partners acted as sole bookrunner on the deal.
