Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 74

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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) 
     15%
  
    Fair value per Right 
    $0.21 

  (1) Market adjustment reflects additional factors not fully captured by low volatility selection, which may include likelihood of a Business Combination occurring, market perception of lack of available or suitable targets, or possible post-acquisition decline of share price prior to beginning of the exercise period. The adjustment is determined by comparing traded right prices to simulated model outputs. 

NOTE
9. SEGMENT INFORMATION

ASC
280 establishes standards for companies to report in their financial statement information about operating segments, products, services,
geographic areas, and major customers. “Operating segments” are defined as components of an enterprise that engage in business
activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is
regularly evaluated by a company’s CODM, or group, in deciding how to allocate resources and assess performance.

The
Company’s CODM has been identified as the Chief Financial Officer, who reviews the assets, operating results, and financial metrics
for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, Management
has determined that there is only one reportable segment.

18

KOCHAV
DEFENSE ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

The
CODM assesses performance for the single segment and decides how to allocate resources based on net income (loss) that also is reported
on the accompanying unaudited condensed statements of operations as net income or loss. The measure of segment assets is reported on
the accompanying unaudited condensed balance sheet as total assets. When evaluating the Company’s performance and making key decisions
regarding resource allocation, the CODM reviews several key metrics, which include the following:

    September 30, 2025 
  
    Investments held in Trust Account 
    $256,559,148 
  
    Cash 
    $831,515 

    For the Three Months Ended September 30, 2025  
    For the Period from
    January 7, 2025 (Inception) Through September 30, 2025 
  
    General and administrative costs 
    $224,660  
    $371,140 
  
    Dividends earned on investments held in Trust Account 
    $2,639,785  
    $3,559,148