Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 24

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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SEQUENT EVENTS

The Company evaluated subsequent events and transactions
that occurred after the condensed balance sheet date through the date that the condensed financial statements was issued. Based upon this
review, other than as noted below, the Company did not identify any subsequent events that would have required adjustment or disclosure
in the financial statements.

On May 29, 2025, the Company consummated the Initial
Public Offering of 25,300,000 Public Units, which includes the full exercise of the underwriter’s over-allotment option, generating
gross proceeds of $253,000,000. Simultaneously with the closing of the Initial Public Offering, the Company consummated the private sale
of 524,050 Private Placement Units to the Sponsor, generating gross proceeds of $5,240,500.

On May 29, 2025, in connection with closing of
the 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.

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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