Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 60

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 Initial Public Offering, the underwriters were paid a cash underwriting discount of $3,415,500. Additionally, the underwriters are
entitled to a deferred underwriting discount of 2.75% of the gross proceeds of the Initial Public Offering, or $6,957,500 (including the
underwriters’ full exercise of the over-allotment), payable upon the closing of an initial Business Combination. Of such 2.75% per
Unit fee, 1.20% will be paid in cash calculated based on the total gross proceeds raised in the Initial Public Offering, and 1.55% will
be paid in cash calculated based on the total capital remaining in the Trust Account following all properly submitted redemptions in connection
with the consummation of the initial Business Combination.

Subsequent to the closing of the Initial Public
Offering, the Company borrowed an aggregate total of $207,494 under the promissory note and repaid the full amount of $207,494 on June
2, 2025. Borrowings under the note are no longer available.

On May 25, 2025, The Company entered into an agreement
with the Sponsor or an affiliate 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 the liquidation of the Company.

13

Item 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations

The following discussion and analysis of the Company’s
financial condition and results of operations should be read in conjunction with the financial statements and the notes thereto contained
elsewhere in this Report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements
that involve risks and uncertainties.

Cautionary Note Regarding Forward-Looking Statements

All statements other
than statements of historical fact included in this Report including, without limitation, statements under this Item regarding our financial
position, business strategy and the plans and objectives of Management for future operations, are forward-looking statements. When used
in this Report, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend”
and similar expressions, as they relate to us or our Management, identify forward-looking statements. Such forward-looking statements
are based on the beliefs of our Management, as well as assumptions made by, and information currently available to, our Management. Actual
results could