Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 29

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 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.

18

KOCHAV
DEFENSE ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
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:

    September 30, 2025 
  
    Investments held in Trust Account 
    $256,559,148 
  
    Cash 
    $831,515 

    For the Three Months Ended September 30, 2025  
    For the Period from
    January 7, 2025 (Inception) Through September 30, 2025 
  
    General and administrative costs 
    $224,660  
    $371,140 
  
    Dividends earned on investments held in Trust Account 
    $2,639,785  
    $3,559,148 

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. The CODM reviews dividends earned on investments held in Trust Account to measure and monitor shareholder value
and determine the most effective strategy of investment with the Trust Account funds while maintaining compliance with the Investment
Management Trust Agreement, dated May 27, 2025, by and between the Company and Continental. General and administrative costs are reviewed
and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business Combination within
the Combination Period. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual agreements
to ensure costs are aligned with all agreements and budget.

NOTE
10. SUB