Company: KVACU
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043269
Chunk: 21

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 income (loss) per share

The Company calculates net income (loss) per share
in accordance with ASC Topic 260, Earnings per Share. In order to determine the net income (loss) attributable to both the
redeemable shares and non-redeemable shares, the Company first considered the undistributed income (loss) allocable to both the redeemable
ordinary shares and non-redeemable ordinary shares and the undistributed income (loss) is calculated using the total net income (loss)
less any dividends paid. The Company then allocated the undistributed income (loss) ratably based on the weighted average number of shares
outstanding between the redeemable and non-redeemable ordinary shares. Any remeasurement of the accretion to the redemption value of the
ordinary shares subject to possible redemption was considered to be dividends paid to the public stockholders. Accretion associated with
the redeemable shares of ordinary share is excluded from earnings per share as the redemption value approximates fair value. As of March
31, 2025 and December 31, 2024, 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. As a result, the diluted income (loss) per
share is the same as basic income (loss) per share for the period presented.

The net income (loss) per share presented in the unaudited condensed consolidated statements of income and comprehensive income is based
on the following:

    For the Three Months Ended March 31, 2025  
    For the Three Months Ended March 31, 2024 

    Redeemable Ordinary Share  
    Non- Redeemable Ordinary Share  
    Redeemable Ordinary Share  
    Non- Redeemable Ordinary Share 
  
    Basic and diluted net income (loss) per share: 

    Numerators: 

    Interest income earned in investments held in Trust Account 
    $739,504