Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 62

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 29, 2025, we consummated the Initial Public Offering of 25,300,000 units at $10.00 per Unit, including the exercise
in full by the underwriters of an option to purchase up to 3,300,000 Units, generating gross proceeds of $253,000,000. Simultaneously
with the closing of the Initial Public Offering, we consummated the private sale of 524,050 units at a price of $10.00 per Private Placement
Units, to the Sponsor. The Private Placement Units (and underlying securities) are identical to the Units sold in the Initial Public Offering,
except as otherwise disclosed herein. No underwriting discounts or commissions were paid with respect to such sale.

14

Following the closing of the Initial Public Offering and the Private Placement, a total of $253,000,000 was placed in the Trust Account.
We incurred $11,024,267, consisting of $3,415,500 of cash underwriting fee, $6,957,500 deferred underwriting fee and $651,267 of other
offering costs.

We intend to use substantially all of the funds
held in the Trust Account, including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete
our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our
Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the
target business or businesses, make other acquisitions and pursue our growth strategies.  

We intend to use the funds held outside the Trust
Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel
to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate
documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.

In order to fund working capital deficiencies
or finance transaction costs in connection with a Business Combination, the Sponsor, or certain of our officers and directors or their
affiliates may, but are not obligated to, loan us funds as may be required. If we complete a Business Combination, we would repay such
loaned amounts. In the event that a Business Combination does not close, we may use a portion of the working capital held outside the
Trust Account to repay such loaned amounts but no proceeds from our Trust Account would be