Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 536

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 4
Chunk 536
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times (for a total of up to 21 months from the consummation of the Initial Public Offering to complete a Business Combination, including
Automatic Extension Period). If the Company is unable to consummate the Company’s Initial Business Combination by March 27, 2025
(unless further extended), the Company will, as promptly as possible but not more than ten business days thereafter, redeem 100%
of the Company’s outstanding public shares for a pro rata portion of the funds held in the Trust Account, including a pro rata portion
of any interest earned on the funds held in the Trust Account and not necessary to pay taxes, and then seek to liquidate and dissolve.
However, the Company may not be able to distribute such amounts as a result of claims of creditors which may take priority over the claims
of the Company’s public shareholders. In the event of dissolution and liquidation, the Company’s warrants will expire and
will be worthless.

Additionally, the Company may not be able to obtain
additional financing. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve
liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction,
and reducing overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable
terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern if a Business
Combination is not consummated by March 27, 2025 (unless further extended). These consolidated financial statements do not include any
adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the
Company be unable to continue as a going concern.

NOTE 2 –
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

●Basis of presentation

These accompanying
consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States
of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).

●Principles of consolidation

The consolidated financial statements include
the financial statements of the Company and its subsidiaries. All significant intercompany transactions and balances between the Company
and its subsidiaries are eliminated upon consolidation.

A subsidiary is the entity in which the Company,
directly or indirectly, controls more than one half of the voting power; or has the power to govern