Company: KVACU
Filing Date: 2025-07-03
Form Type: DEF 14A
Source: 0001213900-25-061227
Chunk: 5

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-07-03
Form: DEF 14A
Chunk 5
---
”) to extend the date by which the Company must consummate a business combination to January 27, 2026 (the “ Extended Date”), by adopting the third amended and restated memorandum and articles of association (the “ Third Restated Memorandum and Articles”) in their entirety in place of the Company’s existing Amended and Restated Memorandum and Articles of Association, the form of which is set forth in Annex B of the accompanying proxy statement (the “ Proposal 2” or “ Charter Amendment Proposal”); and 3.a proposal to direct the chairman of the Extraordinary General Meeting to adjourn the Extraordinary General Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Extraordinary General Meeting, there are not sufficient votes to approve any of the foregoing proposals (the “ Proposal 3” or “ Adjournment Proposal”). Currently, according to our amended and restated memorandum and articles of association and the Trust Agreement, the Company shall consummate a business combination by July 27, 2025 (the “ Combination Period”). The purpose of the Trust Amendment Proposal and the Charter Amendment Proposal is to allow KVAC to extend the period of time to consummate a business combination at a lower extension fee. Our Board has determined that it is in the best interests of our shareholders to pay the monthly extension fee $0.03 for each remaining public share. The affirmative vote of a majority of the Company’s ordinary shares entitled to vote which are present (in person or by proxy) at the Extraordinary General Meeting and which vote on the Charter Amendment Proposal and the Adjournment Proposal will be required to approve such proposals. At least 50% or more of all then outstanding ordinary shares of the Company voting together as a single class will be required to approve the Trust Amendment Proposal.

Holders (“ public shareholders”) of KVAC’s ordinary shares (“ Public Shares”) sold in its initial public offering may elect to redeem their Public Shares for their pro rata portion of the funds available in the trust account in connection with the Trust Amendment Proposal (the “ Redemption Election”) regardless of how such public shareholders vote in regard to those amendments, or whether they were holders of KVAC’s Public Shares on the record date or acquired such shares after such date. This right of redemption is provided for and is required by KVAC’s Amended and Restated Memorandum and Articles of Association and KVAC also believes that such redemption right protects KVAC’s public