Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 376

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 376
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 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) 
     (705,903)

    Cash flows from investing activities: 

    Cash withdrawn from Trust Account in connection to redemption 
     92,398,989  
     - 
  
    Extension payments deposited in Trust Account 
     (600,000) 

    Proceeds deposited in Trust Account 
     -  
     (151,368,750)

    Net cash provided by (used in) investing activities 
     91,798,989  
     (151,368,750)

    Cash flows from financing activities: 

    Advance from a related party 
     565,085  
     318,427 
  
    Repayment to related party 
     -  
     (367,500)
  
    Proceeds from public offering 
     -  
     149,500,000 
  
    Proceeds from private placement 
     -  
     6,785,750 
  
    Payment of offering costs 
     -  
     (3,607,980)
  
    Proceed from extension promissory note - related party 
     600,000  
     - 
  
    Redemption of common stock 
     (92,398,989) 
     - 
  
    Net cash provided by (used in) financing activities 
     (91,233,904) 
     152,628,697 

    NET CHANGE IN C