Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 4

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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)

    Net income 
     —  
     —  
     —  
     —  
     —  
     2,424,046  
     2,424,046 

    Balance – September 30, 2025 
     524,050  
    $52  
     8,433,333  
    $844  
    $—  
    $(6,118,324) 
    $(6,117,428)

  (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 Public Units at $10.00 per Public Unit, which included the full exercise of the Over-Allotment Option; consequently, such 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. 

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

3

KOCHAV
DEFENSE ACQUISITION CORP.

UNAUDITED
CONDENSED STATEMENT OF CASH FLOWS

FOR
THE PERIOD FROM JANUARY 7, 2025 (INCEPTION) THROUGH SEPTEMBER 30, 2025

    Cash Flows from Operating Activities: 

    Net income 
    $3,200,487 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Operating costs paid through IPO Promissory Note– related party 
     53,945 
  
    Dividends earned on investments held in Trust Account 
     (3,559,148)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (142,704)
  
    Accounts payable and accrued expenses 
     78,946 
  
    Net cash used in operating activities 
     (368,474)

    Cash Flows from Investing Activities: 

    Investment of cash into Trust Account 
     (