Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 2

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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    Balance – January 7, 2025 (inception) 
     —  
    $—  
     —  
    $—  
    $—  
    $—  
    $— 

    Issuance of Class B ordinary shares to Sponsor(1) (2) 
     —  
     —  
     8,433,333  
     844  
     24,156  
     —  
     25,000 

    Net loss 
     —  
     —  
     —  
     —  
     —  
     (21,762) 
     (21,762)

    Balance – March 31, 2025 
     —  
    $—  
     8,433,333  
    $844  
    $24,156  
    $(21,762) 
    $3,238 

(1)Includes
up to 1,100,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option was not exercised in full or in
part by the underwriters (see Note 5). On May 29, 2025, the Company consummated the Initial Public Offering of 25,300,000 units at $10.00
per unit, which includes the full exercise of the underwriter’s over-allotment option, hence the 1,100,000 founder shares are no
longer subject to forfeiture.

(2)On
April 3, 2025, the Company issued an additional 4,598,333 founder shares to the Sponsor in a share capitalization, resulting in the Sponsor
holding an aggregate of 8,433,333 founder shares. All shares and per share data has been retrospectively presented.

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

3

KOCHAV DEFENSE ACQUISITION CORP.

CONDENSED STATEMENT OF CASH FLOWS

FOR THE PERIOD FROM JANUARY 7, 2025 (INCEPTION)
THROUGH MARCH 31, 2025

(UNAUDITED)

    Cash Flows from Operating Activities: 

    Net loss 
    $(21,762)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Operating costs