Company: KVACU
Filing Date: 2025-06-23
Form Type: PRE 14A
Source: 0001213900-25-056680
Chunk: 26

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-06-23
Form: PRE 14A
Chunk 26
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 order to extend the amount of time it has available to complete
a business combination.

On December 23, 2024, we
issued an unsecured promissory note to the Sponsor, pursuant to which we borrowed an aggregate principal amount of $200,000 in exchange
for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete
a business combination.

On January 22, 2025, we issued
an unsecured promissory note to the Sponsor, pursuant to which we borrowed an aggregate principal amount of $200,000 in exchange for Sponsor
depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business
combination.

On February 24, 2025, we
issued an unsecured promissory note to the Sponsor, pursuant to which we borrowed an aggregate principal amount of $200,000 in exchange
for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete
a business combination.

On March 24, 2025, we issued
an unsecured promissory note to the Sponsor, pursuant to which we borrowed an aggregate principal amount of $200,000 in exchange for Sponsor
depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business
combination.

On April 25, 2025, we issued
an unsecured promissory note to the Sponsor, pursuant to which we borrowed an aggregate principal amount of $200,000 in exchange for Sponsor
depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business
combination.

Our sponsor, officers and
directors, or any of their respective affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities
on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit
committee will review on a quarterly basis all payments that were made to our sponsor, officers, directors or our or their affiliates
and will determine which expenses and the amount of expenses that will be reimbursed. There is no cap or ceiling on the reimbursement
of out-of-pocket expenses incurred by such persons in connection with activities on our behalf.

In order to meet our working
capital needs following the consummation of the Initial Public Offering, our initial shareholders,