Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 558

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 5
Chunk 558
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ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Our units began to trade on
Nasdaq, under the symbol “KVACU” on July 25, 2023. On September 14, 2023, the Company announced that holders of its units
may elect to separately trade the ordinary shares and warrants included in its units, commencing on or about September 15, 2023. The ordinary
shares and warrants started trading on the Nasdaq under the symbols “KVAC,” and “KVACW,” respectively. Units not
separated continue to trade on Nasdaq under the symbol “KVACU.” After separation, the ordinary shares and warrants may be
recombined to create units.

Holders of Record

At February 27, 2025, there
were 10,820,727 of our ordinary shares held by 2 shareholders issued and outstanding. The number of record holders was determined from
the records of our transfer agent and does not include beneficial owners of ordinary shares whose shares are held in the names of various
security brokers, dealers, and registered clearing agencies.

Dividends

We have not paid any cash
dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination.
The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general
financial condition subsequent to completion of our initial business combination. The payment of any cash dividends subsequent to our
initial business combination will be within the discretion of our Board of Directors at such time and we will only pay such dividend out
of our profits or share premium (subject to solvency requirements) as permitted under British Virgin Law. In addition, our Board of Directors
is not currently contemplating and does not anticipate declaring any share capitalizations in the foreseeable future. Further, if we incur
any indebtedness in connection with our initial business combination, our ability to declare dividends may be limited by restrictive covenants
we may agree to in connection therewith.

Securities Authorized for Issuance Under Equity Compensation Plans

None.

Recent Sales of Unregistered Securities

During the past three years,
we sold the following ordinary shares without registration under the Securities Act:

    ●
    In June 2021, we issued 1,000 insider shares to Central Group Limited