Company: KCHVR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076631
Chunk: 107

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 107
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 markets
have experienced cyclical or episodic downturns, and worldwide economic conditions remain uncertain, including as a result of the COVID-19
pandemic, supply chain disruptions, the Ukraine-Russia conflict, conflict in the Middle East, instability in the U.S. and global banking
systems, rising fuel prices, increasing interest rates or foreign exchange rates and high inflation and the possibility of a recession.
A significant downturn in economic conditions may make it more difficult for us to consummate a Business Combination.

We cannot predict the timing, strength, or duration
of any future economic slowdown or any subsequent recovery generally, or in any industry. If the conditions in the general economy and
the markets in which we operate worsen from present levels, our business, financial condition, operating results and our ability to consummate
a Business Combination could be adversely affected.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

Unregistered Sales of Equity Securities

On January 7, 2025, our Sponsor paid $25,000,
or approximately $0.007 per share, to cover certain of our offering costs in exchange for 3,835,000 Founder Shares. In April 2025, we
issued an additional 4,598,333 Founder Shares to our Sponsor in a share capitalization, resulting in our Sponsor holding an aggregate
of 8,433,333 Founder Shares. As a result, our Sponsor paid approximately $0.003 per Founder Share. Such securities were issued in connection
with our organization pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. No
underwriting discounts or commissions were paid with respect to such issuances. The Founder Shares are automatically convertible into
Class A Ordinary Shares concurrently with or immediately following the consummation of our initial Business Combination, or earlier
at the option of the holder, on a one-for-one basis, subject to adjustment.

Simultaneously with the closing of the Initial
Public Offering and pursuant to the Private Placement Units Purchase Agreement, we completed the sale of an aggregate of 524,050 Private
Placement Units to our Sponsor in the Private Placement at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds
to us of $5,240,500. The Private Placement Units (and underlying securities) are identical to the Public Units (and underlying securities),
except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts or commissions were