Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 7

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 7
---
 Units, the “Units”) to the Sponsor at a price of $10.00 per Private Placement Unit, or $5,240,500
in the aggregate (the “Private Placement”), as discussed in Note 4. Each Private Placement Unit consists of one Class A Ordinary
Share (the “Private Placement Shares”) and one right to receive one-seventh (1/7) of one Class A Ordinary Share upon the
consummation of an initial Business Combination (the “Private Placement Rights” and together with the Public Rights the “Rights”)

Transaction
costs amounted to $11,024,267, consisting of $3,415,500 of cash underwriting fee, the Deferred Fee (as defined in Note 6) of $6,957,500
and $651,267 of other offering costs.

5

KOCHAV
DEFENSE ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

The
Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the net
balance in the Trust Account (as defined below) (excluding the amount of Deferred Fee payable held and taxes payable on the income earned
on the Trust Account, if any) at the time of the signing an agreement to enter into a Business Combination. However, the Company will
only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the outstanding voting
securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register
as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). There is no
assurance that the Company will be able to successfully effect a Business Combination.

Upon
the closing of the Initial Public Offering, on May 29, 2025, an amount of $253,000,000 ($10.00 per Unit) from the net proceeds of the
Initial Public Offering and the Private Placement, was placed in the trust account (the “Trust Account”), with Continental
Stock Transfer & Trust Company (“Continental”) acting as trustee, and may only be invested in U.S. government treasury
obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment