Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 5

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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253,000,000)
  
    Net cash used in investing activities 
     (253,000,000)

    Cash Flows from Financing Activities: 

    Proceeds from sale of Public Units, net of underwriting discounts paid 
     249,584,500 
  
    Proceeds from sale of Private Placement Units 
     5,240,500 
  
    Proceeds from IPO Promissory Note 
     117,300 
  
    Repayment of IPO Promissory Note 
     (374,794)
  
    Payment of offering costs 
     (367,517)
  
    Net cash provided by financing activities 
     254,199,989 

    Net Change in Cash 
     831,515 
  
    Cash – Beginning of period 
     — 
  
    Cash – End of period 
    $831,515 

    Noncash investing and financing activities: 

    Deferred offering costs included in accrued offering costs 
    $85,000 
  
    Deferred offering costs paid through IPO Promissory Note - related party 
    $173,750 
  
    Prepaid expenses paid in exchange for the issuance of Class B Ordinary Shares 
    $25,000 
  
    Prepaid expenses paid through IPO Promissory Note – related party 
    $2,699 
  
    Deferred offering costs charged to additional paid-in capital 
    $651,267 
  
    Netting of amount due to and due from Sponsor 
    $274,794 
  
    Deferred Fee payable 
    $6,957,500 

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

4

KOCHAV
DEFENSE ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

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 is an early-stage and
emerging growth company and, as such, the Company is subject to all of the risks associated with early-stage and emerging growth companies.