Company: KVACU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109170
Chunk: 72

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 72
---
 Ordinary Share  
    Non- Redeemable Ordinary Share 
  
    Basic and diluted net income (loss) per share: 

    Numerators: 

    Interest income earned in investments held in Trust Account 
    $621,946  
    $-  
    $2,065,585  
    $- 
  
    Total expenses 
     (134,377) 
     (114,103) 
     (390,355) 
     (115,307)
  
    Total allocation to redeemable and non-redeemable ordinary shares 
    $487,569  
    $(114,103) 
    $1,675,230  
    $(115,307)
  
    Denominators: 

    Weighted-average shares outstanding 
     5,200,724  
     4,416,075  
     14,950,000  
     4,416,075 
  
    Basic and diluted net income (loss) per share 
    $0.09  
    $(0.03) 
    $0.11  
    $(0.03)

14

●Related
parties

Parties, which can be a corporation or individual,
are considered to be related if either the Company or the other party have the ability, directly or indirectly, to control the other party
or exercise significant influence over the other party in making financial and operational decisions. Companies are also considered to
be related if they are subject to common control or significant influence.

●Concentration
of credit risk

Financial
instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution.
The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such
account. 

●Recent
issued accounting standards

Management
does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material
effect on the Company’s unaudited condensed consolidated financial statements. 

NOTE 3 –
INITIAL PUBLIC OFFERING

Pursuant to the Initial Public Offering on July
27, 2023, the Company sold 14,950,000 Public Units, which includes 1,950,000 Public Units upon the full exercise by
the underwriter of its over-allotment option, at a purchase price of $10.00 per Public Unit. Each