Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 80

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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Commencing on May 28, 2025, we entered into the
Administrative Services Agreement with the Sponsor to pay an aggregate of $22,900 per month for office space, utilities, and secretarial
and administrative support. These monthly fees will cease upon the completion of the initial Business Combination or our liquidation.
For the period from January 7, 2025 (inception) through June 30, 2025, $22,900 was incurred in this service and was netted with an amount
due from the Sponsor.

Underwriting Agreement

The underwriters of the Initial Public Offering
had a 45-day option from the date of the Initial Public Offering to purchase up to an additional 3,300,000 Option Units to cover
over-allotments, if any. On May 29, 2025, the underwriters elected to fully exercise the Over-Allotment Option to purchase an additional
3,300,000 Option Units at a price of $10.00 per Option Unit.

The underwriters were entitled to a cash underwriting
discount of 1.35% of the gross proceeds of the Initial Public Offering, $3,415,500 (including the underwriters’ full exercise of
the Over-Allotment Option), which was paid upon the closing of the Initial Public Offering.

Additionally, the underwriters are entitled to
the Deferred Fee of 2.75% of the gross proceeds of the Initial Public Offering, or $6,957,500 (including the underwriters’ full
exercise of the Over-Allotment Option), payable upon the closing of an initial Business Combination. Of such Deferred Fee, 1.20% will
be paid in cash calculated based on the total gross proceeds raised in the Initial Public Offering, and 1.55% will be paid in cash calculated
based on the total capital remaining in the Trust Account following all properly submitted redemptions in connection with the consummation
of the initial Business Combination.

Critical Accounting Estimates

The preparation of the unaudited condensed financial
statements and related disclosures included in this Report under Item 1. “Financial Statements” in conformity with GAAP requires
Management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets
and liabilities at the date of the financial statements, and income and expenses during the periods reported. Making estimates requires
Management to exercise significant judgement. It is at least reasonably possible that the estimate of the