Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 23

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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. The Company will not issue fractional shares in connection with an exchange of Share Rights.
Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions
of Cayman Islands law. As a result, holders of Share Rights must hold Share Rights in multiples of 7 in order to receive shares for all
of the Share Rights upon closing of a Business Combination. If the Company is unable to complete an initial Business Combination within
the required time period and the Company redeems the public shares for the funds held in the Trust Account, holders of Share Rights will
not receive any of such funds for their Share Rights and the Share Rights will expire worthless.

NOTE 8. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate
resources and assess performance.

The Company’s chief operating decision maker
has been identified as the Chief Executive Officer (“CODM”), who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one reportable segment.

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the unaudited condensed statement of operations
as net income or loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s
performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

    For the
 period from
 January 7,
 2025 (inception) through March 31, 2025 
  
    General and administrative costs 
    $21,762 

General and administrative costs are reviewed
and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business Combination within
the business combination period. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual
agreements to ensure costs are aligned with all agreements and budget. General and administrative costs are the significant segment expenses
provided to the CODM on a regular basis.

NOTE 9. SUB