Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 51

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 51
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KOCHAV
DEFENSE ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

NOTE
1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Kochav
Defense Acquisition Corp. (the “Company”) is a blank check company incorporated as a Cayman Islands exempted corporation
on January 7, 2025. The Company was incorporated for the purpose of effecting a merger, amalgamation, share purchase, reorganization
or similar business combination with one or more businesses (the “Business Combination”). The Company is an early-stage and
emerging growth company and, as such, the Company is subject to all of the risks associated with early-stage and emerging growth companies.
The Company may pursue an initial Business Combination target in any industry. As of September 30, 2025, the Company had not entered
into a definitive agreement with any specific Business Combination target.

As
of September 30, 2025, the Company had not commenced any operations. All activity for the period from January 7, 2025 (inception) through
September 30, 2025, relates to the Company’s formation and the Initial Public Offering (as defined below) and subsequent to the
Initial Public Offering, and identifying and evaluating prospective acquisition candidates and activities in connection with the Business
Combination. The Company will not generate any operating revenue until after the completion of its initial Business Combination, at the
earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public
Offering. The Company has selected December 31, as its fiscal year end.

The
Company’s sponsor is Kochav Sponsor LLC (the “Sponsor”).

The
Registration Statement on Form S-1 for the Initial Public Offering, initially filed with the U.S. Securities and Exchange Commission
(the “SEC”) on April 25, 2025 (File No. 333-286759), was declared effective on May 27, 2025 (as amended, the “IPO Registration
Statement”). On May 29, 2025, the Company consummated the Initial Public Offering of 25,300,000 units (the “Public Units”)
at $10.00 per Public Unit, which included the full exercise of the Over-Allotment Option (as defined in Note 6) of 3,