Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 525

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 4
Chunk 525
---
-  
     (8,382,461) 
     -  
     (5,110,990) 
     (13,493,451)
  
    Net income for the year 
     -  
     -  
     -  
     -  
     1,454,758  
     1,454,758 
  
    Unrealized gain on available held for sale securities 
     -  
     -  
     -  
     1,521,171  
     -  
     1,521,171 

    Balance as of December 31, 2023 
     4,416,075  
    $442  
    $-  
    $1,521,171  
    $(3,659,998) 
    $(2,138,385)

(1)Includes up to an aggregate of 487,500 ordinary shares subject to
forfeiture to the extent that the underwriters’ over-allotment option is not exercised in full or in part (see Note 5). As a result
of the underwriters’ full exercise of their over-allotment option on July 27, 2023, no founder shares are currently subject to forfeiture.

See accompanying notes to consolidated financial
statements.

F-5

KEEN VISION ACQUISITION CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

    Years Ended December 31, 

    2024  
    2023 
  
    Cash flows from operating activities: 

    Net income 
    $7,409,180  
    $1,454,758 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Interest income earned in cash and investments held in trust account 
     (2,043,965) 
     (1,933,395)
  
    Dividend income 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,