Company: KVACU
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043269
Chunk: 77

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 Account established for the benefit of our public shareholders.

We intend to use substantially all of the net
proceeds of the Initial Public Offering, including the funds held in the Trust Account, to acquire a target business or businesses and
to pay our expenses relating thereto. To the extent that our capital stock is used in whole or in part as consideration to effect our
Business Combination, the remaining proceeds held in the Trust Account, as well as any other net proceeds not expended, will be used as
working capital to finance the operations of the target business. Such working capital funds could be used in a variety of ways including
continuing or expanding the target business’ operations, for strategic acquisitions and for marketing, research and development
of existing or new products. Such funds could also be used to repay any operating expenses or finders’ fees which we had incurred
prior to the completion of our Business Combination if the funds available to us outside of the Trust Account were insufficient to cover
such expenses.

3

We intend to use the funds held outside the Trust
Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel
to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate
documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.

Accordingly, we may not be able to obtain additional
financing. If we are unable to raise additional capital, we may be required to take additional measures to conserve liquidity, which could
include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead
expenses. We cannot provide any assurance that new financing will be available to us on commercially acceptable terms, if at all. These
conditions raise substantial doubt about our ability to continue as a going concern if a Business Combination is not consummated May 27,
2025 (unless further extended). These unaudited condensed consolidated financial statements do not include any adjustments relating to
the recovery of the recorded assets or the classification of the liabilities that might be necessary should we be unable to continue as
a going concern.

Off-balance sheet financing arrangements

We have no obligations, assets or liabilities
which would be considered off-balance sheet arrangements as of March 31, 2025 and December 31, 2024. We do not participate in transactions
that create relationships with unconsolidated entities or financial partnerships, which would have been