Company: KVACU
Filing Date: 2025-12-22
Form Type: PRE 14A
Source: 0001213900-25-124633
Chunk: 14

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-12-22
Form: PRE 14A
Chunk 14
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 sponsor owns approximately
[*]% of the outstanding shares of the Company. Certain federally licensed businesses in the United States, such as broadcasters and airlines,
may be subject to rules or regulations that limit foreign ownership. As a result, this may limit the pool of acquisition candidates we
may acquire in the United States, in particular, relative to other special purpose acquisition companies that are not subject to such
restrictions, which could make it more difficult and costly for us to consummate a business combination with a target business operating
in the United States relative to such other companies.

In addition, CFIUS is an
interagency committee authorized to review certain transactions involving foreign investment in the United States by foreign persons in
order to determine the effect of such transactions on the national security of the United States. Because we may be considered a “foreign
person” under such rules and regulations, any proposed business combination between us and a U.S. business engaged in a regulated
industry or which may affect national security, we could be subject to such foreign ownership restrictions and/or CFIUS review. The scope
of CFIUS review was expanded by the Foreign Investment Risk Review Modernization Act of 2018 (“FIRRMA”) to include certain
non-passive, non-controlling investments in sensitive U.S. businesses and certain acquisitions of real estate even with no underlying
U.S. business. FIRRMA, and subsequent implementing regulations that are now in force, also subject certain categories of investments to
mandatory filings. If our initial business combination with any potential target company falls within the scope of foreign ownership restrictions,
we may be unable to consummate a business combination with such business. In addition, if our business combination falls within CFIUS’s
jurisdiction, we may be required to make a mandatory filing or determine to submit a voluntary notice to CFIUS, or to proceed with the
initial business combination without notifying CFIUS and risk CFIUS intervention, before or after closing the initial business combination.
CFIUS may decide to block or delay our initial business combination, impose conditions to mitigate national security concerns with respect
to such initial business combination or order us to divest all or a portion of a U.S. business of the combined company if we had proceeded
without first obtaining CFIUS clearance.

Moreover, the process of
government review, whether by CFIUS or otherwise, could be lengthy. Because we have only a limited time to complete its initial business
combination, our failure to obtain any required approvals within