Company: KVACU
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074277
Chunk: 11

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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4, the Company entered into
an amendment to the Investment Management Trust Agreement, with Continental Stock Transfer & Trust Company (the “Trust Amendment”).
Pursuant to the Trust Amendment, the Company has the right to extend the time for KVAC to complete its business combination (the “Business
Combination Period”) under the Trust Agreement for a period of nine months from October 27, 2024 to July 27, 2025, by depositing
into the Trust Account $200,000 for all remaining public shares (the “Extension Payment”) for each one-month extension.

The Company will have until July 27, 2025 (unless
further extended) to consummate a Business Combination. However, if the Company anticipates that it may not be able to consummate a Business
Combination within nine months (the “Combination Period”), the Company may extend the period of time to consummate a Business
Combination up to four times, each by an additional one month each time (for a total of 24 months including Automatic Extension Period)
by depositing into the Trust Account $200,000 (approximately $0.10 per share per each month extension) to complete a Business Combination
(the “Paid Extension Period”). Any funds which may be provided to extend the time frame will be in the form of a loan to the
Company from the Sponsor. The terms of any such loan have not been definitively negotiated, provided, however, any loan will be interest
free and will be repayable only if the Company completes a Business Combination.

On July 22, 2025, the Company entered into an
amendment to the Investment Management Trust Agreement, with Continental Stock Transfer & Trust Company (the “Trust Amendment
II”). Pursuant to the Trust Amendment II, the Company has the right to extend the time for KVAC to complete its business combination
(the “Business Combination Period”) under the Trust Agreement II for a period of nine months from July 27, 2025 to January
27, 2026, by depositing into the Trust Account $0.03 for each remaining public shares (the “Extension Payment”) for each one-month
extension.

As of the date of this report, the Company has
extended four times by an additional one month each time, and so it now has until August 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