Company: KVACU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109170
Chunk: 61

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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43 per share,
including interest generated and extension payments deposited in the Trust Account, in an aggregate amount of $18,091,743.

As of the date of this report, the Company has
extended thirteen times by an additional one month each time, and so it now has until November 27, 2025 to consummate a business combination.
Pursuant to the terms of the current amended and restated memorandum and articles of association and the trust agreement between the Company
and Continental Stock Transfer & Trust Company, LLC, in order to extend the time available for the Company to consummate the initial
business combination, the Company’s insiders or their affiliates or designees, must deposit into the Trust Account $200,000 on
or prior to the date of the applicable deadline. On each of October 28, 2024, November 20, 2024, December 23, 2024, January 22, 2025,
February 24, 2025, March 24, 2025, April 25, 2025, May 20, 2025 and June 23, 2025, respectively, the Company has deposited in an amount
of $200,000 into the Trust Account in order to extend the amount of available time to complete a business combination until July
27, 2025. On each of July 23, 2025, August 18, 2025, September 19, 2025 and October 21, 2025, respectively, the Company has deposited
in an amount of $144,670 into the Trust Account in order to extend the amount of available time to complete a business combination
until November 27, 2025.

8

Liquidation

If the Company is unable to complete a Business
Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly
as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding public shares, at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable
and less interest to pay dissolution expenses up to $50,000), divided by the number of then outstanding public shares, which redemption
will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions,
if any), subject to applicable law