Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 5

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 5
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 promptly after the Reincorporation
Merger, KVAC MS (Cayman) Limited (“Merger Sub”), an exempted company incorporated under the laws of the Cayman Islands with
limited liability and a direct wholly-owned subsidiary of NewCo, will be merged with and into Medera, with Medera remaining as the surviving
entity, resulting in Medera being a wholly-owned subsidiary of PubCo (the “Acquisition Merger”). The aggregate consideration
for the Acquisition Merger (the “Merger Consideration”) is $622,560,000, subject to certain adjustments as described in the
Merger Agreement (which adjustments are described in greater detail further below), payable to the Medera Shareholders (as defined below)
in the form of newly issued PubCo Ordinary Shares (as defined below) valued at $10.00 per share. The calculation of the Merger Consideration,
taking into account the adjustments described in the Merger Agreement and based on the pro forma financial information, would result in
the aggregate issuance to the Medera Shareholders at the Closing, of 62,578,505 PubCo Ordinary Shares (the “Closing Payment Shares”).
As part of the transaction, NewCo will change its name to “Medera Inc.” and Medera will change its name to “Medera Global
Inc.”

Acquisition Criteria

Our selection process will
leverage our management team’s broad network of contacts and relationships with various unaffiliated sources including government
bodies, scientific organizations, corporate board members, investment bankers, investment professionals at PE firms, owners of private
businesses, consultants, accounting and legal firms and so on to provide us with a strong pipeline of potential acquisition leads.

Consistent with our strategy,
we have identified the following general criteria and guidelines which we believe are important in evaluating prospective target businesses:

    ●
    Significant operations in biotech, consumer goods or agriculture, supported with strong ESG imperatives. We intend to leverage our management team’s unique expertise and network to source a potential target. Based on our management team’s experience and strong network across the globe in these sectors, we believe it will be advantageous to focus on investment opportunities in these areas.

    ●
    Industry leadership with high growth potential. We intend to seek a target that has a leading presence across a sector or has prominent technology or product competencies, with the potential to disrupt market incumbents. We will primarily seek to acquire a target company with a total enterprise value not exceeding $1 b