Kochav Defense Acquisition (KCHVU) said Thursday it has closed its initial public offering of 25.3 million units, including the full exercise of an over-allotment option, at $10 per unit for gross proceeds of $253 million.

Each unit comprises one class A share and one right to receive one-seventh of a share following a merger deal, Kochav said. The shares will trade under the "KCHV" ticker and the rights under "KCHVR" when they begin separate trading.

The blank check company said it also raised about $5.2 million from the private placement of 524,050 units.

Price: 10.00, Change: -0.01, Percent Change: -0.05