Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 77

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 2
Chunk 77
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 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 an agreement to pay an aggregate of $22,900 per month for
office space, utilities, and secretarial and administrative support. These monthly fees will cease upon the completion of the initial
Business Combination or the liquidation of the Company.

The underwriters are entitled to a deferred underwriting
discount of 2.75% of the gross proceeds of the Initial Public Offering, or $6,957,500 (including the underwriters’ full exercise
of the over-allotment), payable upon the closing of an initial Business Combination. Of such 2.75% per Unit fee, 1.20% will be paid in
cash calculated based on the total gross proceeds raised in the Initial Public Offering, and 1.55% will be paid in cash calculated based
on the total capital remaining in the Trust Account following all properly submitted redemptions in connection with the consummation of
the initial Business Combination.

Critical Accounting Estimates

The preparation of the unaudited condensed financial
statements and related disclosures included in this Report under Item 1. “Financial Statements” in conformity with accounting
principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and income
and expenses during the periods reported. Making estimates requires management to exercise significant judgement. It is at least reasonably
possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed
financial statements included in this Report under Item 1. “Financial Statements”, which management considered in formulating
its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could materially
differ from those estimates. As of March 31, 2025, we did not have any critical accounting estimates to be disclosed.

15

Item 3. Quantitative and Qualitative Disclosures
About Market Risk

We are a smaller reporting company as defined
by Rule 12b-2 of the Exchange Act and are not required to provide the information otherwise required under this Item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Disclosure controls