Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 711

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 7
Chunk 711
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 excluded from earnings per share as the redemption value approximates fair value. As of December 31, 2024
and 2023, the Company has not considered the effect of the warrants sold in the Initial Public Offering and private warrants to purchase
an aggregate of 15,628,575 and 15,628,575 shares, respectively, in the calculation of diluted net income (loss) per share, since the exercise
of the warrants is contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive and the Company
did not have any other dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares
and then share in the earnings of the Company.

Item 7A. Quantitative and Qualitative Disclosures
about Market Risk

As of December 31, 2024, we
were not subject to any market or interest rate risk. The net proceeds of our initial public offering, including amounts in the Trust
Account, have been invested in U.S. government treasury obligations with a maturity of 180 days or less or in certain money market funds
that invest solely in U.S. treasuries. Due to the short-term nature of these investments, we believe there will be no associated material
exposure to interest rate risk.

Item 8. Financial Statements and Supplementary
Data

This information appears following
Item 15 of this Report and is included herein by reference.

26

Item 9. Changes in and Disagreements with Accountants
on Accounting and Financial Disclosure

None.

Item 9A. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Disclosure controls are procedures
that are designed with the objective of ensuring that information required to be disclosed in our reports filed under the Exchange Act,
such as this Report, is recorded, processed, summarized, and reported within the time period specified in the SEC’s rules and forms.
Disclosure controls are also designed with the objective of ensuring that such information is accumulated and communicated to our management,
including the chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.
Our management evaluated, with the participation of our current chief executive officer and chief financial officer (our “Certifying
Officers”), the effectiveness of our disclosure controls and procedures as of December 31, 2024, pursuant to Rule 15d-15(e) under
the Exchange Act. Based upon that evaluation, our Certifying Officers concluded that, as of December 31,