Company: KVACU
Filing Date: 2025-06-23
Form Type: PRE 14A
Source: 0001213900-25-056680
Chunk: 5

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-06-23
Form: PRE 14A
Chunk 5
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 a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Extraordinary General Meeting, there are not sufficient votes to approve any of the foregoing proposals (the “Proposal 3” or “Adjournment Proposal”). |

Currently, according
to our amended and restated memorandum and articles of association and the Trust Agreement, the Company may, but is not obligated to,
extend the period of time to consummate a business combination (the “Combination Period”) to July 27, 2025 to complete
a business combination, provided that the Sponsor or its designee must deposit into the Trust Account a monthly extension fee in accordance
with the terms of the Trust Agreement, being an amount of $200,000. The purpose of the Trust Amendment Proposal and the Charter Amendment
Proposal is to allow KVAC to extend the period of time to consummate a business combination at a lower extension fee. Our Board has determined
that it is in the best interests of our shareholders to pay the monthly extension fee $0.03 for each remaining public share.

The affirmative vote of a
majority of the Company’s ordinary shares entitled to vote which are present (in person or by proxy) at the Extraordinary General
Meeting and which vote on the Charter Amendment Proposal and the Adjournment Proposal will be required to approve such proposals. At least
50% or more of all then outstanding ordinary shares of the Company voting together as a single class will be required to approve the Trust
Amendment Proposal.

Holders (“public shareholders”) of KVAC’s ordinary shares (“Public Shares”) sold in its initial public offering may
elect to redeem their Public Shares for their pro rata portion of the funds available in the trust account in connection with the Trust
Amendment Proposal (the “Redemption Election”) regardless of how such public shareholders vote in regard to those amendments,
or whether they were holders of KVAC’s Public Shares on the record date or acquired such shares after such date. This right of redemption
is provided for and is required by KVAC’s Amended and Restated Memorandum and Articles of Association and KVAC also believes that
such redemption right protects KVAC’s public shareholders from having to sustain their investments for an unreasonably long period
if KVAC fails to find a suitable acquisition in the timeframe initially contemplated by its Amended and Restated Memorandum and Articles
of Association. If the Trust Amendment Proposal and the Charter Amendment Proposal