Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 1498

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 8
Chunk 1498
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    December 31, 

    2024  
    2023 

    ASSETS 

    Current assets: 

    Cash at bank 
    $54,548  
    $631,753 
  
    Prepayment 
     9,238  
     233,862 
  
    Total current assets 
     63,786  
     865,615 
  
    Cash and investments held in trust account 
     70,373,065  
     154,823,318 

    TOTAL ASSETS 
    $70,436,851  
    $155,688,933 

    LIABILITIES AND SHAREHOLDERS’ DEFICIT 

    Current liabilities: 

    Accrued expenses 
    $97,813  
    $4,000 
  
    Extension promissory note payable 
     600,000  
     - 
  
    Amount due to a related party 
     575,085  
     10,000 

    Total current liabilities 
     1,272,898  
     14,000 
  
    Deferred underwriting compensation 
     2,990,000  
     2,990,000 

    TOTAL LIABILITIES 
     4,262,898  
     3,004,000 

    Commitments and contingencies (Note 7) 
        
     - 

    Ordinary shares, 6,404,652 and 14,950,000 shares subject to possible redemption issued and outstanding as of December 31, 2024 and 2023, respectively 
     70,373,065  
     154,823,318 

    Shareholders’ deficit: 

    Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 4,416,075 shares issued and outstanding as of December 31, 2024 and 2023 (excluding 6,404,652 and 14,950,000 shares subject to possible redemption, respectively) 
     442  
     442 
  
    Accumulated other comprehensive income 
     -  
     1,521,171 
  
    Accumulated deficit 
     (4,199,554) 
     (3,659,998)

    Total Shareholders’ Deficit 
     (4