Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 73

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 73
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    $-  
    $1,521,171  
    $(3,659,998) 
    $(2,138,385)

(1)Includes up to an aggregate of 487,500 ordinary shares subject to
forfeiture to the extent that the underwriters’ over-allotment option is not exercised in full or in part (see Note 5). As a result
of the underwriters’ full exercise of their over-allotment option on July 27, 2023, no founder shares are currently subject to forfeiture.

See accompanying notes to consolidated financial
statements.

F-5

KEEN VISION ACQUISITION CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

    Years Ended December 31, 

    2024  
    2023 
  
    Cash flows from operating activities: 

    Net income 
    $7,409,180  
    $1,454,758 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Interest income earned in cash and investments held in trust account 
     (2,043,965) 
     (1,933,395)
  
    Dividend income earned in cash and investments held in trust account 
     (6,825,942) 
     (2)
  
    Changes in operating assets and liabilities: 

    Prepayment 
     224,624  
     (231,264)
  
    Accrued expenses 
     93,813  
     4,000 
  
    Net cash used in operating activities 
     (1,142,290) 
     (705,903)

    Cash flows from investing activities: 

    Cash withdrawn from Trust Account in connection to redemption 
     92,398,989  
     - 
  
    Extension payments deposited in Trust Account 
     (600,000) 

    Proceeds deposited in Trust Account 
     -  
     (151,368,750)

    Net cash provided by (used in) investing activities 
     91,798,989  
     (151,368,750)

    Cash flows from financing activities: 

    Advance from a related party 
     565,085  
     318,427 
  
    Repayment to related party 
     -  
     (367,500)
  
    Proceed