Company: KVACU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109170
Chunk: 108

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 108
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of existing or new products. Such funds could also be used to repay any operating expenses or finders’ fees which we had incurred
prior to the completion of our Business Combination if the funds available to us outside of the Trust Account were insufficient to cover
such expenses.

We intend to use the funds held outside the Trust
Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel
to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate
documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.

Accordingly, we may not be able to obtain additional
financing. If we are unable to raise additional capital, we may be required to take additional measures to 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 November
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 agreements

We have no obligations, assets or liabilities
which would be considered off-balance sheet arrangements as of September 30, 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