Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 7

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 7
---
 be in
the form of tender offer documents or proxy solicitation materials that we would file with the SEC.

5

Effecting a Business Combination

General

We intend to utilize cash
derived from the proceeds of the IPO and the private placement of private units, our share capital, debt or a combination of these in
effecting a business combination. Although substantially all net proceeds of the IPO and the private placement of private units are intended
to be applied generally toward effecting a business combination as described in this annual report, the proceeds are not otherwise being
designated for any more specific purposes. Accordingly, investors in IPO are investing without first having an opportunity to evaluate
the specific merits or risks of any one or more business combinations. A business combination may involve the acquisition of, or merger
with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares,
while avoiding what it may deem to be adverse consequences of undertaking a public offering itself. These include time delays, significant
expense, loss of voting control and compliance with various U.S. Federal and state securities laws. Alternatively, we may seek to
consummate a business combination with a company that may be in its early stages of development or growth. While we may seek to effect
simultaneous business combinations with more than one target business, we will probably have the ability, as a result of our limited resources,
to effect only a single business combination.

Sources of Target Businesses

We anticipate that target
business candidates will be brought to our attention from various unaffiliated sources, including investment bankers, venture capital
funds, PE funds, leveraged buyout funds, management buyout funds and other members of the financial community. Target businesses may be
brought to our attention by such unaffiliated sources as a result of being solicited by us through calls or mailings. These sources may
also introduce us to target businesses they think we may be interested in on an unsolicited basis, since many of these sources will have
read the prospectus and know what types of businesses we are targeting. Our officers and directors, as well as their respective affiliates,
may also bring to our attention target business candidates that they become aware of through their business contacts as a result of formal
or informal inquiries or discussions they may have, as well as attending trade shows or conventions. While we do not presently anticipate
engaging the services of professional firms or other individuals that specialize in business acquisitions on any formal basis,