Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 98

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 98
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 Requirement. If we do not meet the Nasdaq 36-Month Requirement, our securities
will likely be subject to a suspension of trading and delisting from Nasdaq. Our Sponsor may also, in its discretion, consider selling
its interest in our Company to another sponsor entity, which may result in a change to our Management.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities since January 7, 2025 (inception) through June 30, 2025 have been (i) organizational
activities and (ii) activities relating to (x) the Initial Public Offering and (y) identifying and evaluating prospective acquisition
candidates and activities in connection with the initial Business Combination. We will not generate any operating revenues until after
completion of our initial Business Combination. We have generated non-operating income in the form of interest income on investments held
in the Trust Account after the Initial 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