KCHV
Kochav Defense Acquisition Corp.Financial Services·Investment - Banking & Investment Services
$10.34
$354M market cap
Revenue
$0.0M
Free Cash Flow
$-0.3M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Kochav Defense Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on the defense and aerospace industries.
2-Year Price History
$10.32+3.1%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | -0.2 | -0.2 | 2.1 | -0.3 | -0.3 | -0.0 | 0.5 | 0.0 | 25.3 | -- | -- | -- |
Valuation & Metrics
Market Stats
Price$10.34
Market Cap$354M
Enterprise Value$354M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-0.1%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$2.1M
Free Cash Flow$-0.3M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC--
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)+3.4%
Need at least 2 settlement dates for chart
Cash Runway
21.9months
WATCH
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
72.1%(+7.1% YoY)
45 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.0%(+0.0% YoY)
0 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Polar Asset Management Partners Inc. | $22.0M | $10.03 | +$1K | +$22.0M | +1.8% | $3.16B |
| Magnetar Financial LLC | $19.5M | $10.03 | +$0 | +$19.5M | -0.8% | $9.54B |
| BERKLEY W R CORP | $17.3M | $10.05 | +$39K | +$17.3M | +0.3% | $1.86B |
| LINDEN ADVISORS LP | $14.3M | $10.03 | +$0 | +$14.3M | -7.0% | $1.89B |
| AQR Arbitrage LLC | $14.1M | $10.03 | −$556K | +$14.1M | -0.0% | $5.11B |
| ARISTEIA CAPITAL LLC | $13.6M | $10.03 | +$0 | +$13.6M | +5.0% | $2.68B |
| Westchester Capital Management, LLC | $13.2M | $10.12 | +$0 | +$13.2M | -4.4% | $2.07B |
| GLAZER CAPITAL, LLC | $11.0M | $10.03 | −$5K | +$11.0M | +8.8% | $4.51B |
| Crossingbridge Advisors, LLC | $10.3M | $10.18 | +$7.2M | +$10.3M | +0.0% | $492M |
| RiverPark Advisors, LLC | $8.5M | $10.14 | +$0 | +$8.5M | -0.7% | $208M |
| MIZUHO SECURITIES USA LLC | $8.5M | $10.04 | +$323K | +$8.5M | +0.0% | $4.03B |
| TWO SIGMA INVESTMENTS, LP | $8.2M | $10.03 | +$0 | +$8.2M | -0.9% | $117.03B |
| Karpus Management, Inc. | $7.8M | $10.12 | +$0 | +$7.8M | -0.3% | $3.07B |
| Hudson Bay Capital Management LP | $6.7M | $10.03 | +$0 | +$6.7M | +1.9% | $15.12B |
| Shaolin Capital Management LLC | $6.2M | $10.04 | +$513K | +$6.2M | +7.5% | $1.20B |
| Decagon Asset Management LLP | $6.1M | $10.09 | +$1.2M | +$6.1M | +3.2% | $385M |
| Radcliffe Capital Management, L.P. | $5.8M | $10.04 | +$1K | +$5.8M | +3.9% | $1.33B |
| TENOR CAPITAL MANAGEMENT Co., L.P. | $5.1M | $10.03 | +$0 | +$5.1M | +5.6% | $1.50B |
| HEIGHTS CAPITAL MANAGEMENT, INC | $5.1M | $10.03 | +$0 | +$5.1M | -2.7% | $357M |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | $5.1M | $10.03 | +$0 | +$5.1M | -13.5% | $1.98B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
+0.18%
avg per quarter
Holders (ex-self)
+0.18%
excl. this stock
Buyers (this Q)
+0.53%
14 buyers · $0.02B in
Sellers (this Q)
-5.54%
10 sellers · $0.01B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-1.2%
how holders react when this stock falls
On quiet Qs
-2.1%
−10% to +10% baseline
On rallies (+10%+)
-17.0%
how they react when this stock rises
Holders' portfolio flow this Q
+14.7%
inflows — adds are organic
Sellers' portfolio flow this Q
-9.6%
Sellers shed AUM broadly — partly forced.
Biggest decreases this quarter
Top-5 holders · 34.2%
Polar Asset Management Partners Inc.--
Magnetar Financial LLC--
BERKLEY W R CORP--
LINDEN ADVISORS LP--
AQR Arbitrage LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Polar Asset Management Partners Inc.2.2MMagnetar Financial LLC1.9MBERKLEY W R CORP1.7MAQR Arbitrage LLC1.4MLINDEN ADVISORS LP1.4MARISTEIA CAPITAL LLC1.3MWestchester Capital Management, LLC1.3MMIZUHO SECURITIES USA LLC831KGLAZER CAPITAL, LLC1.1MCrossingbridge Advisors, LLC1.0M
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$2.55M
1 txn · 1 insider · 510,000 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-11-28 | BUY | SC Capital II Sponsor LLC | 10 percent owner | 510,000 | $5.00 | $2.55M | $37.22M |
Order Flow (FINRA, ~3w lag)
1.7%retail-3.2pp
1.0%dark-18.3pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Kochav Defense Acquisition Corp.: Founder-Favored Equity Structure and Excessive Administrative Fees Masked by SPAC Mechanics
Overall Risk
6/10
Fraud
2/10
Dilution
9/10
Insolvency
4/10
Earnings Overstated
2/10
Hidden Liabilities
5/10
Legal
3/10
Audit Warnings
2/10
Hidden Upside
2/10
Contextually Acceptable
7/10