Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 1435

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 15
Chunk 1435
---
,750 
  
    Initial classification of common stock subject to possible redemption 
     (14,950,000) 
     (1,495) 
     (147,853,763) 
     -  
     -  
     (147,855,258)
  
    Allocation of offering costs to common stock subject to redemption 
     -  
     -  
     6,525,391  
     -  
     -  
     6,525,391 
  
    Accretion of carrying value to redemption value 
     -  
     -  
     (8,382,461) 
     -  
     (5,110,990) 
     (13,493,451)
  
    Net income for the year 
     -  
     -  
     -  
     -  
     1,454,758  
     1,454,758 
  
    Unrealized gain on available held for sale securities 
     -  
     -  
     -  
     1,521,171  
     -  
     1,521,171 

    Balance as of December 31, 2023 
     4,416,075  
    $442  
    $-  
    $1,521,171  
    $(3,659,998) 
    $(2,138,385)

(1)Includes up to an aggregate of 487,500 ordinary shares subject to
forfeiture to the extent that the underwriters’ over-allotment option is not exercised in full or in part (see Note 5). As a result
of the underwriters’ full exercise of their over-allotment option on July 27, 2023, no founder shares are currently subject to forfeiture.

See accompanying notes to consolidated financial
statements.

F-5

KEEN VISION ACQUISITION CORPORATION

CONSOLIDATED 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