Company: KVACU
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043269
Chunk: 138

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 138
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 conserve liquidity, which could
include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead
expenses. We cannot provide any assurance that new financing will be available to us on commercially acceptable terms, if at all. These
conditions raise substantial doubt about our ability to continue as a going concern if a Business Combination is not consummated May 27,
2025 (unless further extended). These unaudited condensed consolidated financial statements do not include any adjustments relating to
the recovery of the recorded assets or the classification of the liabilities that might be necessary should we be unable to continue as
a going concern.

Off-balance sheet financing arrangements

We have no obligations, assets or liabilities
which would be considered off-balance sheet arrangements as of March 31, 2025 and December 31, 2024. We do not participate in transactions
that create relationships with unconsolidated entities or financial partnerships, which would have been established for the purpose of
facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements, established any special
purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual obligations

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities.

Registration Rights

Pursuant to a registration rights agreement entered
into on July 24, 2023, the holders of the Founder Shares, Private Placement Units (including securities contained therein), and units
(including securities contained therein) that may be issued on conversion of working capital loans or extension loans and are entitled
to registration rights pursuant to a registration rights agreement signed on the effective date of this offering requiring the Company
to register such securities for resale. The holders of these securities are entitled to make up to three demands, excluding short form
demands, that the Company’s register such securities. In addition, the holders have certain “piggy-back” registration
rights with respect to registration statements filed subsequent to the Company completion of initial business combination and rights to
require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. The Company will bear the expenses
incurred in connection with the filing of any such registration statements.

Underwriting Agreement

The underwriters are entitled to a cash underwriting
discount of 2% of the gross proceeds of the Initial Public Offering, or $2,990,