Company: KVACU
Filing Date: 2025-07-03
Form Type: DEF 14A
Source: 0001213900-25-061227
Chunk: 15

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-07-03
Form: DEF 14A
Chunk 15
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 25, 2024. In connection with the shareholders’ vote at the annual meeting, 8,545,348shares were tendered for redemption. Our sponsor owns approximately 39.5% of our issued and outstanding ordinary shares as of June 27, 2025. The net proceeds of the IPO plus the proceeds of the sale of the private placement units were deposited in the trust account. As of May 31, 2025, there was approximately $72,614,208.18 in the trust account. On the Record Date, 10,820,727 ordinary shares were issued and outstanding. The aggregate market value of the ordinary shares outstanding, other than shares held by persons who may be deemed affiliates of the Company, computed by reference to the closing sales price for the ordinary shares on July 2, 2025, as reported on The Nasdaq Capital Market, was approximately $11.33. The mailing address of KVAC’s principal executive office is 37 Greenbriar Drive, Summit, New Jersey 07901, and its telephone number is (203) 609 -1394. You are not being asked to vote on a business combination at this time. If the Trust Amendment Proposal is approved and you do not elect to redeem your Public Shares, you will retain the right to vote on any proposed business combination if and when it is submitted to shareholders and the right to redeem your Public Shares for a pro rata portion of the trust account in the event such business combination is approved and completed or the Company has not consummated a business combination by July 27, 2025. 9 RISK FACTORS Shareholders should carefully consider the following risk factors, together with other risk factors disclosed in Company’s extraordinary report on Form 10 -K filed on March 7, 2025 and all of the other information included in this proxy statement before they decide whether to vote or instruct their vote to be cast to approve the Proposals described in this proxy statement. These risks could have a material adverse effect on the business, financial conditioning and results of operations of the Company. The fact that our sponsor is, is controlled by, and has substantial ties with a non-U .S. person could impact our ability to complete our initial business combination. Our sponsor, KVC Sponsor LLC, is controlled by our Chairman and Chief Executive Officer WONG, Kenneth Ka Chun, who is a Canadian citizen. Our sponsor owns approximately 39.5% of the outstanding shares of the Company. Certain federally