Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 87

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 87
---
ultaneously with the consummation of our Initial Public Offering and pursuant to the Private Placement Units Purchase Agreement,
we completed the private sale of an aggregate of 524,500 Private Placement Units at a purchase price of $10.00 per Private Placement Unit
to our Sponsor generating gross proceeds of $5,240,500.

Following the closing of our Initial Public Offering
and the Private Placement, a total of $253,000,000 (which amount includes the Deferred Fee of $6,957,500) was placed in a U.S.-based trust
account maintained by Continental, acting as trustee. The proceeds held in the Trust Account may be invested by the trustee only in U.S.
government securities with a maturity of 185 days or less or in money market funds investing solely in U.S. government treasury obligations
and meeting certain conditions under Rule 2a-7 under the Investment Company Act. To mitigate the risk that we might be deemed to be an
investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the Trust Account,
we may, at any time (based on the Management Team’s ongoing assessment of all factors related to the potential status under the
Investment Company Act), instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the funds in
the Trust Account in cash or in an interest-bearing demand deposit account at a bank.

24

The remaining proceeds from the Initial Public
Offering and the Private Placement are held outside the Trust Account. Such funds are being used primarily to enable us to identify a
target and to negotiate and consummate our initial Business Combination.

There has been no material change in the planned
use of the proceeds from our Initial Public Offering and the Private Placement as described in the IPO Registration Statement. The specific
investments in our Trust Account may change from time to time.

Purchases of Equity Securities
by the Issuer and Affiliated Purchasers

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

Trading Arrangements

During the quarterly period ended June 30, 2025,
none of our directors or officers (as defined in Rule 16a-1(f) promulgated under the Exchange Act) adopted or terminated any
“Rule 10b5-1 trading arrangement” or any “non-Rule 10b5-1 trading