Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 451

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 3
Chunk 451
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 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    Cash withdrawn from Trust Account in connection to redemption 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)
  
    Proceeds from public offering 
     -  
     149,500,000 
  
    Proceeds from private placement 
     -  
     6,785,750 
  
    Payment of offering costs 
     -  
     (3,607,980)
  
    Proceed from extension promissory note - related party 
     600,000  
     - 
  
    Redemption of common stock 
     (92,398,989) 
     - 
  
    Net cash provided by (used in) financing activities 
     (91,233,904) 
     152,628,697 

    NET CHANGE IN CASH 
     (577,205) 
     554,044 

    CASH AT BANK, BEGINNING OF PERIOD 
     631,753  
     77,709 

    CASH AT BANK, END OF PERIOD 
    $54,548  
    $631,753 

    Non-cash investing and financing activities: 

    Initial classification of common stock subject to possible redemption 
    $-  
    $147,853,763 
  
    Allocation of offering costs to common stock subject to possible