Company: KCHVR
Filing Date: 2025-07-09
Form Type: 10-Q
Source: 0001213900-25-062351
Chunk: 39

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-07-09
Form: 10-Q
Item: Part I, Item 8
Chunk 39
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KOCHAV DEFENSE ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited) 

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS
OPERATIONS

Kochav Defense Acquisition Corp. (the “Company”) is a blank check company incorporated as a Cayman Islands exempted corporation
on January 7, 2025. The Company was incorporated for the purpose of effecting a merger, amalgamation, share purchase, reorganization or
similar business combination with one or more businesses (the “Business Combination”). The Company has not selected any specific
Business Combination target. While the Company may pursue an initial Business Combination in any business, industry, sector or geographical
location, the Company intends to focus on acquiring a business in the defense and aerospace industries.

As of March 31, 2025, the Company had not commenced
any operations. All activity for the period from January 7, 2025 (inception) through March 31, 2025 relates to the Company’s formation
and the initial public offering (“Initial Public Offering”, which is described below) and subsequent to the Initial Public
Offering, identifying a target company for a Business Combination. The Company will not generate any operating revenues until after the
completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest
income from the proceeds derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year end.

The Company’s sponsor is Kochav Sponsor
LLC (the “Sponsor”).

The registration statement for the Company’s
Initial Public Offering was declared effective on May 27, 2025. On May 29, 2025, the Company consummated the Initial Public Offering of
25,300,000 units at $10.00 per unit (the “Public Units”), including the exercise in full by the underwriters of an option
to purchase up to 3,300,000 Units at the offering price to cover over-allotments, (see Note 3), generating gross proceeds of $253,000,000.
Each Unit consists of one Class A ordinary share and one right to receive one seventh (1/7) of a Class A ordinary share upon the consummation
of an initial business combination (the “Share Rights”).

Simultaneously with the closing of the Initial
Public Offering