Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 59

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 8
Chunk 59
---
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate
resources and assess performance.

The Company’s chief operating decision maker
has been identified as the Chief Executive Officer (“CODM”), who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one reportable segment.

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the unaudited condensed statement of operations
as net income or loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s
performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

    For the
 period from
 January 7,
 2025 (inception) through March 31, 2025 
  
    General and administrative costs 
    $21,762 

General and administrative costs are reviewed
and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business Combination within
the business combination period. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual
agreements to ensure costs are aligned with all agreements and budget. General and administrative costs are the significant segment expenses
provided to the CODM on a regular basis.

NOTE 9. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions
that occurred after the condensed balance sheet date through the date that the condensed financial statements was issued. Based upon this
review, other than as noted below, the Company did not identify any subsequent events that would have required adjustment or disclosure
in the financial statements.

On May 29, 2025, the Company consummated the Initial
Public Offering of 25,300,000 Public Units, which includes the full exercise of the underwriter’s over-allotment option, generating
gross proceeds of $253,000,000. Simultaneously with the closing of the Initial Public Offering, the Company consummated the private sale
of 524,050 Private Placement Units to the Sponsor, generating gross proceeds of $5,240,500.

On May 29, 2025, in connection with closing of
the