Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 16

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 16
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 pro rata portion
of any interest earned on the funds held in the trust account and not necessary to pay our taxes, then seek to liquidate and dissolve.
However, we may not be able to distribute such amounts as a result of claims of creditors which may take priority over the claims of our
public shareholders. In the event of our liquidation and subsequent dissolution, the public warrants will expire and will be worthless.

11

Redemption/Tender Rights

At any meeting called to approve
an initial business combination, public shareholders may seek to redeem their public shares, regardless of whether they vote for or against
the proposed business combination or abstain from voting, into their pro rata share of the aggregate amount then on deposit in
the trust account, less any taxes then due but not yet paid. Notwithstanding the foregoing, our initial shareholders have agreed, pursuant
to written letter agreements with us, not to redeem any public shares held by them into their pro rata share of the aggregate amount
then on deposit in the trust account. The redemption rights will be effected under our amended and restated memorandum and articles of
association and BVI law as redemptions. If we hold a meeting to approve an initial business combination, a holder will always have the
ability to vote against a proposed business combination and not seek conversion of his shares.

Alternatively, if we engage
in a tender offer, each public shareholder will be provided the opportunity to sell his public shares to us in such tender offer. The
tender offer rules require us to hold the tender offer open for at least 20 business days. Accordingly, this is the minimum amount
of time we would need to provide holders to determine whether they want to sell their public shares to us in the tender offer or remain
an investor in our company.

Our initial shareholders,
officers and directors will not have redemption rights with respect to any ordinary shares owned by them, directly or indirectly, whether
acquired prior to the IPO or purchased by them in the IPO or in the aftermarket.

We may also require public
shareholders, whether they are a record holder or hold their shares in “street name,” to either tender their certificates
(if any) to our transfer agent or to deliver their shares to the transfer agent electronically using Depository Trust Company’s
DWAC (Deposit/Withdrawal At Custodian) System, at the holder’s option, at any time at or prior to the vote on the business combination.
Once the shares are converted by the holder, and