Company: KVACU
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043269
Chunk: 11

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 have until May 27, 2025 (unless
further extended) to consummate a Business Combination. However, if the Company anticipates that it may not be able to consummate a Business
Combination within nine months (the “Combination Period”), the Company may extend the period of time to consummate a Business
Combination up to four times, each by an additional one month each time (for a total of 24 months including Automatic Extension Period)
by depositing into the Trust Account $200,000 (approximately $0.10 per share per each month extension) to complete a Business
Combination (the “Paid Extension Period”). Any funds which may be provided to extend the time frame will be in the form of
a loan to the Company from the Sponsor. The terms of any such loan have not been definitively negotiated, provided, however, any loan
will be interest free and will be repayable only if the Company completes a Business Combination.

As of the date of this report, the Company has
extended four times by an additional one month each time, and so it now has until May 27, 2025 to consummate a business combination. Pursuant
to the terms of the current amended and restated memorandum and articles of association and the trust agreement between the Company and
Continental Stock Transfer & Trust Company, LLC, in order to extend the time available for the Company to consummate the initial business
combination, the Company’s insiders or their affiliates or designees, must deposit into the Trust Account $200,000 on or prior
to the date of the applicable deadline. On each of October 28, 2024, November 20, 2024, December 23, 2024, January 22, 2025, February
24, 2025, March 24, 2025 and April 25, 2025, respectively, the Company has deposited in an amount of $200,000 into the Trust Account
in order to extend the amount of available time to complete a business combination until May 27, 2025.

Liquidation

If the Company is unable to complete a Business
Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly
as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding public shares, at a per-share
price, payable in cash