Company: KVACU
Filing Date: 2025-07-03
Form Type: DEF 14A
Source: 0001213900-25-061227
Chunk: 11

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-07-03
Form: DEF 14A
Chunk 11
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 extend the period of time to consummate a business combination with a lower extension fee.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 The Charter Amendment will provide the Company with the ability to extend the Combination Period until January 27, 2026 (assuming full extension). The Trust Amendment will provide the Company with flexibility to extend the Combination Period for a reduced extension fee. Currently, according to our second amended and restated memorandum and articles of association and the Trust Agreement, the Company shall complete its Business Combination on or before July 27, 2025. Therefore, our Board has determined that it is in the best interests of our shareholders to approve the Trust Amendment to give the Company additional flexibility to extend the Combination Period further in order to provide our shareholders with the opportunity to participate in the prospective investment. 
 We also believe that given KVAC’s expenditure of time, effort and money on the potential business combinations with the targets it has identified, circumstances warrant providing those who would like to consider whether a potential business combination with one or more of such targets is an attractive investment with an opportunity to consider such transaction, inasmuch as KVAC is also affording shareholders who wish to redeem their Public Shares the opportunity to do so, as required under its Amended and Restated Memorandum and Articles of Association. Accordingly, we believe the Trust Amendment and the Charter Amendment Proposal are consistent with KVAC’s Amended and Restated Memorandum and Articles of Association and IPO prospectus.                                  |
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| Q. How do the KVAC insiders intend to vote their shares?                                         |     | A. |     | All of KVAC’s directors, executive officers, initial shareholders and their respective affiliates are expected to vote any ordinary shares over which they have voting control (including any Public Shares owned by them) in favor of all proposals.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 KVAC’s directors, executive officers, initial shareholders and their respective affiliates are not entitled to redeem the founder shares which include 3,737,500 ordinary shares initially issued to the Sponsor for an aggregate purchase price of $25,000. Public Shares purchased on the open market by KVAC’s directors, executive officers and their respective affiliates may be redeemed. On the Record Date, KVAC’s sponsor beneficially owned and were entitled to vote 3,597,500 founder shares and 678,575 private placement units, representing approximately 39.5% of KVAC