Company: KVACU
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074277
Chunk: 0

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
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Item 1. Financial Statements

KEEN VISION ACQUISITION CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

    June 30,  
    December 31, 

    2025  
    2024 

    (unaudited)  

    ASSETS 

    Current assets: 

    Cash at bank 
    $1,317  
    $54,548 
  
    Prepayment 
     63,815  
     9,238 
  
    Total current assets 
     65,132  
     63,786 
  
    Cash and investments held in Trust Account 
     73,062,664  
     70,373,065 

    TOTAL ASSETS 
    $73,127,796  
    $70,436,851 

    LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS’ DEFICIT 

    Current liabilities: 

    Accrued expenses 
    $28,910  
    $97,813 
  
    Extension promissory note payable 
     1,800,000  
     600,000 
  
    Amount due to a related party 
     1,008,707  
     575,085 

    Total current liabilities 
     2,837,617  
     1,272,898 

    Deferred underwriting compensation 
     2,990,000  
     2,990,000 

    TOTAL LIABILITIES 
     5,827,617  
     4,262,898 

    Commitments and contingencies (Note 7) 
     -  
     - 

    Ordinary shares, 6,404,652 and 6,404,652 shares subject to possible redemption issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 
     73,062,663  
     70,373,065 

    Shareholders’ Deficit: 

    Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 4,416,075 shares issued and outstanding as of June 30, 2025 and December 31, 2024 (excluding 6,404,652 and 6,404,652 shares subject to possible redemption, respectively)