Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 618

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 5
Chunk 618
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 average number of shares
outstanding between the redeemable and non-redeemable ordinary shares. Any remeasurement of the accretion to the redemption value of the
ordinary shares subject to possible redemption was considered to be dividends paid to the public stockholders. Accretion associated with
the redeemable shares of ordinary share is excluded from earnings per share as the redemption value approximates fair value. As of December
31, 2024 and 2023, the Company has not considered the effect of the warrants sold in the Initial Public Offering and private warrants
to purchase an aggregate of 15,628,575 and 15,628,575 shares, respectively, in the calculation of diluted net income
(loss) per share, since the exercise of the warrants is contingent upon the occurrence of future events and the inclusion of such warrants
would be anti-dilutive and the Company did not have any other dilutive securities and other contracts that could, potentially, be exercised
or converted into ordinary shares and then share in the earnings of the Company. As a result, the diluted income (loss) per share is the
same as basic income (loss) per share for the period presented.

The net income (loss) per share presented in the consolidated statements of operations and comprehensive income is based on the following:

    For the Year Ended December 31, 2024  
    For the Year Ended December 31, 2023 

    Redeemable Ordinary Share  
    Non- Redeemable Ordinary Share  
    Redeemable Ordinary Share  
    Non- Redeemable Ordinary Share 
  
    Basic and diluted net income (loss) per share: 

    Numerators: 

    Interest income earned in investments held in Trust Account 
    $8,869,933  
    $  
    $1,933,395  
    $- 
  
    Total expenses 
     (1,100,746) 
     (360,007) 
     (294,280) 
     (184,396)
  
    Total allocation to redeemable and non-redeemable ordinary share 
    $7,769,187  
    $(360,007) 
    $1,639,115  
    $(184,396)
  
    Denominators: 

    Weighted-average shares outstanding 
     13,502,427  
     4,416,075  
     6