Company: KVACU
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043269
Chunk: 22

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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    $-  
    $3,532,632  
    $- 
  
    Total expenses 
     (101,410) 
     (69,923) 
     (205,683) 
     (60,756)
  
    Total allocation to redeemable and non-redeemable ordinary shares 
    $638,094  
    $(69,923) 
    $3,326,949  
    $(60,756)
  
    Denominators: 

    Weighted-average shares outstanding 
     6,404,652  
     4,416,075  
     14,950,000  
     4,416,075 
  
    Basic and diluted net income (loss) per share 
    $0.10  
    $(0.02) 
    $0.22  
    $(0.01)

F-14

KEEN VISION ACQUISITION CORPORATION

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

●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 Public Unit consists of one Public share and one Public
Warrant to purchase one ordinary share at an exercise price of $11.50