Kochav Defense Acquisition Corp.’s (NASDAQ:KCHVU) Lock-Up Period Will End on November 24th

Kochav Defense Acquisition’s (NASDAQ:KCHVU) lock-up period is set to expire on Monday, November 24th. Kochav Defense Acquisition had issued 22,000,000 shares in its IPO on May 28th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. After the expiration of Kochav Defense Acquisition’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Kochav Defense Acquisition Trading Up 0.2%

Shares of KCHVU stock opened at $10.40 on Friday. Kochav Defense Acquisition has a fifty-two week low of $9.99 and a fifty-two week high of $10.75. The business has a 50-day moving average price of $10.37.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC bought a new position in shares of Kochav Defense Acquisition during the 2nd quarter valued at $4,992,000. BCK Capital Management LP bought a new position in Kochav Defense Acquisition during the second quarter valued at about $509,000. Magnetar Financial LLC bought a new position in Kochav Defense Acquisition during the second quarter valued at about $19,332,000. JPMorgan Chase & Co. acquired a new stake in shares of Kochav Defense Acquisition in the second quarter worth about $153,000. Finally, Warberg Asset Management LLC bought a new stake in shares of Kochav Defense Acquisition during the 2nd quarter worth about $796,000.

About Kochav Defense Acquisition

We are a newly organized blank check company originally formed as Cayman Islands exempted company on January 7, 2025 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.