Kochav Defense Acquisition Corp. reported results for the first quarter of 2026, recording net income of $2.08M and diluted earnings per share of $0.06. The company, a recently formed blank‑check SPAC focused on defense and aerospace, had no operating revenue in the quarter; its income was driven by trust dividends and other non‑operating items.
Financial Highlights
- Net income was $2.08M for Q1 2026, versus $(21,762) in the year‑ago period (period from inception through Q1 2025).
- Diluted EPS was $0.06 for Q1 2026 (basic & diluted, redeemable Class A and non‑redeemable shares); no comparable diluted EPS provided for the year‑ago quarter.
- Revenue: No operating revenue reported for Q1 2026 or the prior year period (company is a blank‑check SPAC; income driven by trust dividends).
Business Highlights
- Completed IPO on May 29, 2025, raising $253M placed in a trust to fund a future business combination.
- Focus and strategy: actively targeting defense and aerospace acquisitions and conducting due diligence on potential targets.
- Operational activity to date has been limited to organization, IPO execution and target identification; no revenues prior to a business combination.
- Liquidity: trust funds are invested conservatively; interest income may be used to fund transaction costs and working capital for any acquired business.
Original SEC Filing:
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