Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 79

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 fund working capital deficiencies
or finance transaction costs in connection with a Business Combination, the Sponsor, or certain of our officers and directors or their
affiliates may, but are not obligated to, loan us Working Capital Loans as may be required. If we complete a Business Combination, we
would repay such Working Capital Loans. In the event that a Business Combination does not close, we may use a portion of the working capital
held outside the Trust Account to repay such Working Capital Loans, but no proceeds from our Trust Account would be used for such repayment.
Up to $1,500,000 of such Working Capital Loans may be converted into units of the post-Business Combination entity at a price of $10.00
per unit. The units would be identical to the Private Placement Units. As of June 30, 2025, we had no borrowings under any Working Capital
Loans.

19

As of June 30, 2025, the Company had $927,014
of cash and working capital surplus of $988,547. We do not believe we will need to raise additional funds in order to meet the expenditures
required for operating our business. However, if our estimate of the costs of identifying a target business, undertaking in-depth due
diligence and negotiating a Business Combination are less than the actual amount necessary to do so, we may have insufficient funds available
to operate our business prior to our Business Combination. Moreover, we may need to obtain additional financing either to complete our
Business Combination or because we become obligated to redeem a significant number of our Public Shares upon consummation of our Business
Combination, in which case we may issue additional securities or incur debt in connection with such Business Combination.

Off-Balance Sheet Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of June 30, 2025. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements,
established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual Obligations

 We do not have any long-term debt,
capital lease obligations, operating lease obligations or long-term liabilities, other than as set forth below.

Administrative Services Agreement