Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 20

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 20
---
 we liquidate the trust account prior to the consummation of a business combination, it will be liable to pay debts and obligations
to target businesses or vendors or other entities that are owed money by us for services rendered or contracted for or products sold to
us in excess of the net proceeds of the Initial Public Offering not held in the trust account, but only to the extent necessary to ensure
that such debts or obligations do not reduce the amounts in the trust account and only if such parties have not executed a waiver agreement.
However, we cannot assure you that it will be able to satisfy those obligations if it is required to do so. Accordingly, the actual per-share
redemption price could be less than $10.125 due to claims of creditors. Additionally, if we are forced to file a bankruptcy case or an
involuntary bankruptcy case is filed against us which is not dismissed, the proceeds held in the trust account could be subject to applicable
bankruptcy law and may be included in our bankruptcy estate and subject to the claims of third parties with priority over the claims of
our shareholders. To the extent any bankruptcy claims deplete the trust account, we cannot assure you we will be able to return to our
public shareholders at least $10.125 per share.

Potential acquisition of a China-based company

Statements and regulatory actions by the Chinese
government

Our efforts to identify a
prospective target business is not limited to a particular industry or geographic location and we may acquire a company based in, or with
the majority of its operations in, any country, including China. If we choose to acquire a China-based company, we may be subject to risks
associated with conducting business in China, including being subject to various risks related to PRC laws and regulations, which are
sometimes vague and uncertain. To the extent that the Chinese government intervenes or influences our operations post-business combination
at any time or exerts more control over offerings conducted overseas by, and foreign investment in, China-based issuers, the operations
of the post-combination entity and/or the value of our securities may be materially affected. Additionally, any governmental and regulatory
interference could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause
the value of such securities to significantly decline or be worthless. However, we will not undertake our initial business combination
with any PRC entity with a variable interest entity, or VIE, structure.

Limitations imposed by the Chinese government
on overseas listing