Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 3

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
 paid through promissory note – related party 
     15,445 
  
    Changes in operating assets and liabilities: 

    Accrued expenses 
     6,317 
  
    Net cash used in operating activities 
     ― 

    Net Change in Cash 
     ― 
  
    Cash – Beginning of period 
     — 
  
    Cash – End of period 
    $― 

    Noncash investing and financing activities: 

    Deferred offering costs included in accrued offering costs 
    $20,875 
  
    Deferred offering costs paid through promissory note - related party 
    $97,750 
  
    Prepaid expense paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $25,000 

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

4

KOCHAV DEFENSE ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited) 

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 March 31, 2025, the Company had not commenced
any operations. All activity for the period from January 7, 2025 (inception) through March 31, 2025 relates to the Company’s formation
and the initial public offering (“Initial Public Offering”, which is described 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