Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 76

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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 read in conjunction with the unaudited
condensed financial statements and the notes thereto included in this Report under Item 1. “Financial Statements”.

Overview

We
are a blank check company incorporated in the Cayman Islands on January 7, 2025 formed for the purpose of effecting a Business Combination.
Our Sponsor is Kochav Sponsor LLC

We
are not limited in our search for target businesses to a particular industry or sector for the purpose of consummating the Business Combination.
We are an early stage and emerging growth company and, as such, we are subject to all of the risks associated with early stage and emerging
growth companies. We expect to continue to incur significant costs in the pursuit of our acquisition plans. There can be no assurance
that our plans to complete a Business Combination will be successful.

Our
IPO Registration Statement became effective on May 27, 2025. On May 29, 2025, we consummated our Initial Public Offering of 25,300,000
Public Units, including 3,300,000 Option Units issued pursuant to the full exercise of the Over-Allotment Option. Each Public Unit consists
of one Public Share and one right to receive one-seventh of one Class A Ordinary Share. The Public Units were sold at a price of $10.00
per Public Unit, generating gross proceeds to us of $253,000,000.

Simultaneously
with the closing of the Initial Public Offering and pursuant to the Private Placement Units Purchase Agreement, we completed the sale
of 524,050 Private Placement Units to the Sponsor in the Private Placement at a purchase price of $10.00 per Private Placement Unit,
generating gross proceeds to us of $ 5,240,500. The Private Placement Units (and underlying securities) are identical to the Public Units,
except as otherwise disclosed in the IPO Registration Statement.

20

Following
the closing of the Initial Public Offering and Private Placement, an amount of $253,000,000 from the net proceeds of the Initial Public
Offering and the Private Placement was initially placed in the Trust Account located in the United States with Continental acting as
trustee. The Trust Account may be invested only (i) in U.S. government securities, within the meaning set forth in Section 2(a)(16) of
the Investment Company Act with a maturity of 185 days or less, (ii) in any open-ended investment company that holds itself out as a
money market fund