Company: KVACU
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074277
Chunk: 74

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 Public Warrants will become exercisable after the consummation of a Business
Combination. No Public Warrants will be exercisable for cash unless the Company has an effective and current registration statement covering
the ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to such ordinary shares. The Company
has agreed that as soon as practicable after the closing of a Business Combination, the Company will use its best efforts to file, and
within 90 days following a Business Combination to have declared effective, a registration statement covering the ordinary shares issuable
upon exercise of the warrants. Notwithstanding the foregoing, if a registration statement covering the ordinary shares issuable upon the
exercise of the Public Warrants is not effective within 90 days, the holders may, until such time as there is an effective registration
statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise the Public
Warrants on a cashless basis pursuant to an available exemption from registration under the Securities Act. If an exemption from registration
is not available, holders will not be able to exercise their Public Warrants on a cashless basis. The Public Warrants will expire five
years from the consummation of a Business Combination or earlier upon redemption or liquidation.

The Company may call the warrants for redemption,
in whole and not in part, at a price of $0.01 per warrant:

●upon not less than 30 days’ prior written notice of redemption
to each warrant holder,

●if, and only if, the reported last sale price of the ordinary
share equals or exceeds $16.5 per share, for any 20 trading days within a 30 trading days period ending on the third trading day prior
to the notice of redemption to Public Warrant holders, and

●if, and only if, there is a current registration statement in
effect with respect to the issuance of the ordinary share underlying such warrants at the time of redemption and for the entire 30-day
trading period referred to above and continuing each day thereafter until the date of redemption.

If the Company calls the Public Warrants for redemption,
management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,”
as described in the warrant agreement. The exercise price and number of ordinary shares issuable upon exercise of the warrants may be
adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapital