Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
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Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 1
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Item 1. Financial Statements.

KOCHAV DEFENSE ACQUISITION CORP.

CONDENSED BALANCE SHEET

MARCH 31, 2025

(UNAUDITED)

    Assets: 

    Current Assets 

    Prepaid expense 
    $25,000 
  
    Total current assets 
     25,000 
  
    Deferred offering costs 
     118,625 
  
    Total Assets 
    $143,625 

    Liabilities and Shareholder’s Equity: 

    Current liabilities 

    Accrued expenses 
    $6,317 
  
    Accrued offering costs 
     20,875 
  
    Promissory note - related party 
     113,195 
  
    Total Liabilities 
     140,387 

    Commitments and Contingencies (Note 5) 

    Shareholder’s Equity 

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding 
       — 
  
    Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; none issued and outstanding 
     — 
  
    Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 8,433,333 shares issued and outstanding (1) (2) 
     844 
  
    Additional paid-in capital 
     24,156 
  
    Accumulated deficit 
     (21,762)
  
    Total Shareholder’s Equity 
     3,238 
  
    Total Liabilities and Shareholder’s Equity 
    $143,625 

(1)Includes
up to 1,100,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option was not exercised in full or in
part by the underwriters (see Note 5). On May 29, 2025, the Company consummated the Initial Public Offering of 25,300,000 units at $10.00
per unit, which includes the full exercise of the underwriter’s over-allotment option, hence the 1,100,000 founder shares are no
longer subject to forfeiture.

(2)On
April 3, 2025, the Company issued an additional 4,598,333 founder shares to the Sponsor in a share capitalization