Company: KVACU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109170
Chunk: 31

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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olidated balance sheets.

NOTE 8 –
SEGMENT INFOMRATION

ASC Topic 280, Segment Reporting, establishes
standards for companies to report in their financial statement information about operating segments, products, services, geographic areas,
and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available
that is regularly evaluated by the Company’s chief operating decision maker (“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 operating results for the Company as a whole to make decisions about allocating resources
and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment.

When evaluating the Company’s performance
and making key decisions regarding resource allocation, the CODM reviews several key metrics, which includes formation and operating
costs and interest and dividend earned on investments held in Trust Account which are included in the accompanying statements of income.

The key measures of segment profit or loss reviewed
by the CODM are earned on investments held in Trust Account and formation and operating costs. The CODM reviewed earned on investments
held in Trust Account to measure and monitor stockholder value and determine the most effective strategy of investment with the Trust
Account funds while maintaining compliance with the trust agreement. Formation and operating 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 business combination period.
The CODM also reviews formation and operating costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned
with all agreements and budget.

NOTE 9 –
SUBSEQUENT EVENTS

In accordance with ASC Topic 855, Subsequent Events,
which establishes general standards of accounting for and disclosure of events that occur after the unaudited condensed consolidated balance
sheet date, the Company has evaluated all events or transactions that occurred after the unaudited condensed consolidated balance sheet
date.

On October 21, 2025 the Company issued an unsecured
promissory note in an amount of $144,670 to the Sponsor, pursuant to which such amount had been deposited into the Trust Account
in order to extend the amount of available time to complete a business combination until November 27, 2025.

19

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations

References in this report (the “Quarterly
Report”) to “