Company: KVACU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109170
Chunk: 60

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 valued at $10.00.

On October 25, 2024, the Company entered into
an amendment to the Investment Management Trust Agreement, with Continental Stock Transfer & Trust Company (the “Trust Amendment”).
Pursuant to the Trust Amendment, the Company has the right to extend the time for KVAC to complete its business combination (the “Business
Combination Period”) under the Trust Agreement for a period of nine months from October 27, 2024 to July 27, 2025, by depositing
into the Trust Account $200,000 for all remaining public shares (the “Extension Payment”) for each one-month extension.

The Company will have until July 27, 2025 (unless
further extended) to consummate a Business Combination. However, if the Company anticipates that it may not be able to consummate a Business
Combination within nine months (the “Combination Period”), the Company may extend the period of time to consummate a Business
Combination up to four times, each by an additional one month each time (for a total of 24 months including Automatic Extension Period)
by depositing into the Trust Account $200,000 (approximately $0.10 per share per each month extension) to complete a Business
Combination (the “Paid Extension Period”). Any funds which may be provided to extend the time frame will be in the form of
a loan to the Company from the Sponsor. The terms of any such loan have not been definitively negotiated, provided, however, any loan
will be interest free and will be repayable only if the Company completes a Business Combination.

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 22, 2025, in connection with the stockholders
vote at the Annual Meeting, 1,582,306 shares were redeemed by certain shareholders at a price of approximately $11.