Company: KVACU
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043269
Chunk: 115

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part II, Item 8
Chunk 115
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M 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 April 25, 2025 the Company issued an unsecured
promissory note in an amount of $200,000 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 May 27, 2025.

F-19

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

References in this report (the “Quarterly
Report”) to “we,” “us” or the “Company” refer to Keen Vision Acquisition Corporation. References
to our “management” or our “management team” refer to our officers and directors, and references to the “Sponsor”
refer to KVC Sponsor LLC. The following discussion and analysis of the Company’s financial condition and results of operations should
be read in conjunction with the unaudited condensed consolidated financial statements and the notes thereto contained elsewhere in this
Quarterly Report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements that
involve risks and uncertainties.

Special Note Regarding Forward-Looking Statements

This Quarterly Report includes “forward-looking
statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act that are not historical
facts