Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 22

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 Public Offering
pursuant to an unsecured promissory note (the “IPO Promissory Note”). The loan was non-interest bearing, unsecured and due
at the earlier of December 31, 2025 or the closing of the Initial Public Offering. The Company borrowed $207,494 under the IPO Promissory
Note and repaid the full amount of $207,494 on June 2, 2025. As of September 30, 2025, borrowings under the IPO Promissory Note are no
longer available.

Administrative
Services Agreement

Commencing
on the date the securities of the Company were first listed, May 28, 2025, the Company entered into an agreement with the Sponsor 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. For the three months ended September
30, 2025 and for the period from January 7, 2025 (inception) through September 30, 2025, $68,700 and $91,600 was incurred in this service
respectively. For the three months ended September 30, 2025 and for the period from January 7, 2025 (inception) through September 30,
2025, $22,900 was paid for these services.

Working
Capital Loans

In
order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor or certain of
the Company’s officers and directors may, but are not obligated to, loan the Company Working Capital Loans as may be required.
If the Company completes a Business Combination, the Company will repay the Working Capital Loans. In the event that a Business Combination
does not close, the Company may use a portion of the working capital held outside the Trust Account to repay the Working Capital Loans,
but no proceeds from the Trust Account would be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans
may be convertible into units of the post-Business Combination entity at a price of $10.00 per unit at the option of the lender.
Such units would be identical to the Private Placement Units. As of September 30, 2025, no such Working Capital Loans were outstanding.

14

KOCHAV
DEFENSE ACQUIS