Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 8

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 8
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 we may
engage these firms or other individuals in the future, in which event we may pay a finder’s fee, consulting fee or other compensation
to be determined in an arm’s length negotiation based on the terms of the transaction. In no event, however, will any of our existing
officers, directors, special advisors or initial shareholders, or any entity with which they are affiliated, be paid any finder’s
fee, consulting fee or other compensation prior to, or for any services they render in order to effectuate the consummation of a business
combination (regardless of the type of transaction). If we decide to enter into a business combination with a target business that is
affiliated with our officers, directors or initial shareholders, we will do so only if we have obtained an opinion from an independent
investment banking firm that the business combination is fair to our unaffiliated shareholders from a financial point of view; however,
as of the date of this annual report, there is no affiliated entity that we consider a target.

Selection of a Target Business and Structuring
of a Business Combination

Subject to the limitations
that a target business have a fair market value of at least 80% of the balance in the trust account (excluding any deferred underwriting
discounts and commissions and taxes payable on the income earned on the trust account) at the time of the execution of a definitive agreement
for our initial business combination, as described below in more detail, our management will have virtually unrestricted flexibility in
identifying and selecting a prospective target business. We have not established any other specific attributes or criteria (financial
or otherwise) for prospective target businesses. In evaluating a prospective target business, our management may consider a variety of
factors, including one or more of the following:

    ●
    financial condition and results of operation;

    ●
    growth potential;

    ●
    experience and skill of management and availability of additional personnel;

    ●
    capital requirements;

    ●
    competitive position;

6

    ●
    barriers to entry;

    ●
    stage of development of its products, processes or services;

    ●
    degree of current or potential market acceptance of the products, processes or services;

    ●
    proprietary features and degree of intellectual property or other protection for its products, processes or services;

    ●
    regulatory environment of the industry; and

    ●
    costs associated with effecting the business combination.

We believe such factors will
be important in evaluating prospective