Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 33

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 acquisition candidates and activities in connection with the initial Business Combination. We will not generate
any operating revenues until after completion of our initial Business Combination. We have generated non-operating income in the form
of interest income on investments held in the Trust Account after the Initial Public Offering. We expect to incur increased expenses
as a result of being a public company (for legal, financial reporting, accounting and auditing compliance, among other things), as well
as for due diligence expenses.

21

For
the three months ended September 30, 2025, we had a net income of $2,424,046, which consisted of interest earned in the operating account
of $8,921 and dividends earned on investments held in the Trust Account of $2,639,785, partially offset by general and administrative
costs of $224,660.

For
the period from January 7, 2025 (inception) through September 30, 2025, we had a net income of $3,200,487, which consisted of interest
earned in the operating account of $12,479 and dividends earned on investments held in the Trust Account of $3,559,148, partially offset
by general and administrative costs of $371,140.

Liquidity
and Capital Resources

Following
the Initial Public Offering, including the full exercise of the Over-Allotment Option, and the Private Placement, a total of $253,000,000
was initially placed in the Trust Account. We incurred costs of $11,024,267, consisting of $3,415,500 of cash underwriting fee, the Deferred
Fee of $6,957,500 and $651,267 of other offering costs.

For
the period from January 7, 2025 (inception) through September 30, 2025, cash used in operating activities was $368,474. Net income of
$3,200,487 was affected by dividends earned on investments held in Trust Account of $3,559,148 and payment of operation costs through
the IPO Promissory Note of $53,945. Changes in operating assets and liabilities used $63,758 of cash for operating activities.

As
of September 30, 2025, we had marketable securities held in the Trust Account of $256,559,148 (including approximately $3,556,148 of
interest income earned to date). We may withdraw interest from the Trust Account to pay taxes,