Company: KVACU
Filing Date: 2025-07-03
Form Type: DEF 14A
Source: 0001213900-25-061227
Chunk: 12

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-07-03
Form: DEF 14A
Chunk 12
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’s issued and outstanding ordinary shares.                                                                                                                                                                          
 KVAC’s directors, executive officers, initial shareholders and their affiliates may choose to buy Public Shares in the open market and/or through negotiated private purchases. In the event that purchases do occur, the purchasers may seek to purchase shares from shareholders who would otherwise have voted against the Trust Amendment Proposal and the Charter Amendment Proposal. Any Public Shares held by or subsequently purchased by affiliates of KVAC may be voted in favor of the Trust Amendment Proposal and the Charter Amendment Proposal.                                                                                                                                                                                                                                             |

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| Q. What amount will holders receive upon consummation of a subsequent business combination or liquidation if the Trust Amendment Proposal and the Charter Amendment Proposal are approved? 
 Q. Will you seek any further extensions to liquidate the trust account?                                                                                                                    |     | A. 
 A. |     | If the Trust Amendment Proposal and the Charter Amendment Proposal are approved, our sponsor, or its designees, has agreed to contribute to us as a loan an amount equal to the monthly extension fee for each that is needed by KVAC to complete an initial business combination from July 27, 2025 (the date by which KVAC is currently required to complete its business combination) until January 27, 2026 (the “Contributions”). Each Contribution will be deposited in the trust account established in connection with the IPO within five calendar days before the expiration of the current business combination period. The Contributions are conditioned upon the approval of the Trust Amendment Proposal. The Contributions will not occur if the Trust Amendment Proposal is not approved. The amount of the Contributions will not bear interest and will be repayable by us to our sponsor or its designees upon consummation of an initial business combination.                                                                                                                             
 Our sponsor or its designees will have the sole discretion whether to continue extending for additional calendar months until January 27, 2026 and if our sponsor determines not to continue extending for additional calendar months, its obligation to make additional Contributions will terminate.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
 Other than the extension until January 27, 2026, as described in this proxy statement, KVAC does not anticipate seeking the requisite shareholder consent to any further extension to consummate a business combination. KVAC has provided that all holders of Public Shares, whether they vote for or against the Trust Amendment Proposal and the Charter Amendment Proposal, or whether they were holders of KVAC ordinary shares on the Record Date or acquired such shares after such date, may elect to redeem their Public Shares into their pro rata portion