Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 5

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 Promissory Note - related party 
    $173,750 
  
    Prepaid expenses paid in exchange for the issuance of Class B Ordinary Shares 
    $25,000 
  
    Prepaid expenses paid through IPO Promissory Note – related party 
    $2,699 
  
    Deferred offering costs charged to additional paid-in capital 
    $651,267 
  
    Netting of amount due to and due from Sponsor 
    $274,794 
  
    Deferred underwriting fee payable 
    $6,957,500 

The accompanying notes are an integral part of
the unaudited condensed financial statements. 

4

KOCHAV DEFENSE ACQUISITION CORP.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 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 has not selected any specific
Business Combination target. While the Company may pursue an initial Business Combination in any business, industry, sector or geographical
location, the Company intends to focus on acquiring a business in the defense and aerospace industries.

As of June 30, 2025, the Company had not commenced
any operations. All activity for the period from January 7, 2025 (inception) through June 30, 2025, relates to the Company’s formation
and the Initial Public Offering (as defined below) and subsequent to the Initial Public Offering, identifying a target company for a Business
Combination. The Company will not generate any operating revenues 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
Company’s Initial Public Offering, initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on April
25, 2025