Company: KVACU
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074277
Chunk: 77

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 77
---
 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 July 22, 2025, the Company entered into an
amendment to the Investment Management Trust Agreement, with Continental Stock Transfer & Trust Company (the “Trust Amendment
II”). Pursuant to the Trust Amendment II, the Company has the right to extend the time for KVAC to complete its business combination
(the “Business Combination Period”) under the Trust Agreement II for a period of nine months from July 27, 2025 to January
27, 2026, by depositing into the Trust Account $0.03 for each remaining public shares (the “Extension Payment”) for each one-month
extension.

On July 23, 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 August 27, 2025.

On July 22, 2025, in connection with the stockholders
vote at the Annual Meeting, 1,582,306 shares were