Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 101

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 101
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 significant number of our Public Shares upon consummation of our Business
Combination, in which case we may issue additional securities or incur debt in connection with such Business Combination.

Off-Balance Sheet Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of June 30, 2025. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements,
established any special purpose entities, guaranteed any debt 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 as set forth below.

Administrative Services Agreement

Commencing on May 28, 2025, we entered into the
Administrative Services Agreement with the Sponsor 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 our liquidation.
For the period from January 7, 2025 (inception) through June 30, 2025, $22,900 was incurred in this service and was netted with an amount
due from the Sponsor.

Underwriting Agreement

The underwriters of the Initial Public Offering
had a 45-day option from the date of the Initial Public Offering to purchase up to an additional 3,300,000 Option Units to cover
over-allotments, if any. On May 29, 2025, the underwriters elected to fully exercise the Over-Allotment Option to purchase an additional
3,300,000 Option Units at a price of $10.00 per Option Unit.

The underwriters were entitled to a cash underwriting
discount of 1.35% of the gross proceeds of the Initial Public Offering, $3,415,500 (including the underwriters’ full exercise of
the Over-Allotment Option), which was paid upon the closing of the Initial Public Offering.

Additionally, the underwriters are entitled to
the Deferred Fee of 2.75% of the gross proceeds of the Initial Public Offering, or $6,957,500 (including the underwriters’ full