Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 78

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 (such as us) to complete their initial Business Combination in accordance with the Nasdaq 36-Month 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
September 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.

21

For
the three months ended September 30, 2025, we had a net income of $2,424,046, which consisted of interest earned in the operating account
of $8,921 and dividends earned on investments held in the Trust Account of $2,639,785, partially offset by general and administrative
costs of $224,660.

For
the period from January 7, 2025 (inception) through September 30, 2025, we had a net income of $3,200,487, which consisted of interest
earned in the operating account of $12,479 and dividends earned on investments held in the Trust Account of $3,559,148, partially offset
by general and administrative costs of $371,140.

Liquidity
and Capital Resources

Following
the Initial Public Offering, including the full exercise of the Over-Allotment Option, and the Private Placement, a total of $253,000,000
was initially placed in the Trust Account. We incurred costs of $11,024,267, consisting of $3,415,500 of cash underwriting fee, the Deferred
Fee of $6,957,500 and $651,