Company: KVACU
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074277
Chunk: 4

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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442  
    $-  
    $(2,672,587) 
    $(2,672,145)

See accompanying notes to unaudited condensed consolidated
financial statements.

3

KEEN VISION ACQUISITION CORPORATION

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

    Six Months Ended
 June 30, 

    2025  
    2024 
  
    Cash flows from operating activities: 

    Net income 
    $1,126,226  
    $5,040,728 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Interest income earned in cash and investments held in trust account 
     -  
     (2,043,965)
  
    Dividend income earned in cash and investments held in trust account 
     (1,489,599) 
     (3,530,524)
  
    Changes in operating assets and liabilities: 

    Prepayment 
     (54,577) 
     160,362 
  
    Accrued expenses 
     (68,903) 
     3,000 
  
    Net cash used in operating activities 
     (486,853) 
     (370,399)

    Cash flows from investing activities: 

    Extension payments deposited in Trust Account 
     (1,200,000) 
     - 
  
    Net cash used in investing activities 
     (1,200,000) 
     - 

    Cash flows from financing activities: 

    Advance from a related party 
     433,622  
     - 
  
    Proceeds from extension promissory note payable - related party 
     1,200,000  
     - 
  
    Net cash provided by financing activities 
     1,633,622  
     - 

    NET CHANGE IN CASH 
     (53,231) 
     (370,399)

    CASH AT BANK, BEGINNING OF PERIOD 
     54,548  
     631,753 

    CASH AT BANK, END OF PERIOD 
    $1,317  
    $261,354 

    Non-cash investing and financing activities: 

    Accretion of carrying value to redemption value 
    $2,689,598  
    $4