Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 74

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 not fully captured by low volatility selection, which may include likelihood of a Business Combination
occurring, market perception of lack of available or suitable targets, or possible post-acquisition decline of stock price prior to beginning
of the exercise period. The adjustment is determined by comparing traded right prices to simulated model outputs.

 NOTE 9. SEGMENT INFORMATION

ASC 280 establishes standards for companies to
report in their financial statement information about operating segments, products, services, geographic areas, and major customers. “Operating
segments” are defined as components of an enterprise that engage in business activities from which it may recognize revenues and
incur expenses, and for which separate financial information is available that is regularly evaluated by a company’s CODM, or group,
in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified as
the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions
about allocating resources and assessing financial performance. Accordingly, Management has determined that there is only one reportable
segment.

16

KOCHAV DEFENSE ACQUISITION CORP.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income (loss) that also is reported on the accompanying unaudited condensed statements
of operations as net income or loss. The measure of segment assets is reported on the accompanying unaudited condensed balance sheet as
total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews
several key metrics, which include the following:

    June 30, 2025 
  
    Investments held in Trust Account 
    $253,919,363 
  
    Cash 
    $927,014 

    For the Three Months Ended 
June 30,
 2025  
    For the Period from January 7, 2025
 (Inception)
 Through
 June 30,
 2025 
  
    General and administrative costs 
    $124,718  
    $146,480 
  
    Dividends earned on investments held in Trust Account 
    $919,363  
    $919,363 

The key metrics included in segment profit or
loss reviewed by the CODM are dividends earned on investments held in Trust Account and general and administrative costs.