Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 77

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 Public Offering. We expect to incur increased expenses as a result of being a public company (for
legal, financial reporting, accounting and auditing compliance, among other things), as well as for due diligence expenses.

For the three months ended June 30, 2025, we had
a net income of $798,203, which consisted of interest earned in operating account of $3,558 and dividends earned on investments held in
Trust Account of $919,363, partially offset by general and administrative costs of $124,718.

18

For the period from January 7, 2025 (inception)
through June 30, 2025, we had a net income of $776,441, which consisted of interest earned in operating account of $3,558 and dividends
earned on investments held in Trust Account of $919,363, partially offset by general and administrative costs of $146,480.

Liquidity and Capital Resources

Until the consummation of the Initial Public Offering,
our only source of liquidity was an initial purchase of Class B Ordinary Shares by the Sponsor and loans from the Sponsor pursuant
to the IPO Promissory Note.

On May 29, 2025, we consummated the Initial Public
Offering of 25,300,000 Public Units at $10.00 per Public Unit, including the exercise in full by the underwriters of their Over-Allotment
Option in the amount of 3,300,000 Option Units, at $10.00 per Public Unit, generating gross proceeds of $253,000,000. he Public Units
consist of one Public Share and one Public Right. Simultaneously with the closing of the Initial Public Offering, we consummated the sale
of 524,050 Private Placement Units at a price of $10.00 per Private Placement Unit, to the Sponsor, generating gross proceeds of $5,240,500.
Each Private Placement Unit consist of one Private Placement Share and one Private Placement Right.

Following the Initial Public Offering, the full
exercise of the Over-Allotment Option, and the Private Placement, a total of $253,000,000 was placed in the Trust Account. We incurred
costs of $11,024,267, consisting of $3,415,500 of cash underwriting fee, $6,957,500 of Deferred Fee and $651,267 of other offering costs.

For the period from January 7, 2025 (in