Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 75

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 2
Chunk 75
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 to prepare for the Initial Public Offering, described below, and identifying a target company for a Business Combination.
We do not expect to generate any operating revenues until after the completion of our Business Combination. Subsequent to the Initial
Public Offering, we generate non-operating income in the form of interest income on marketable securities held in the Trust Account. We
incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as
for due diligence expenses.

For the period from January 7, 2025 (inception)
through March 31, 2025, we had a net loss $21,762, which consisted of general and administrative costs.

Liquidity and Capital Resources

Until the consummation of the Initial Public Offering,
our only source of liquidity was an initial purchase of shares of Class B ordinary shares, par value $0.0001 per share, by the Sponsor
and loans from the Sponsor.

Subsequent to the quarterly period covered by
this Report, on May 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.

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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