Keen Vision Acquisition Corp. Signs Material Definitive Agreement
Ticker: KVACW · Form: 8-K · Filed: Dec 26, 2024 · CIK: 1889983
| Field | Detail |
|---|---|
| Company | Keen Vision Acquisition Corp. (KVACW) |
| Form Type | 8-K |
| Filed Date | Dec 26, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50 K, $200,000, $10.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, sec-filing
TL;DR
Keen Vision Acquisition Corp. signed a big deal on 12/23/24, expect financial moves.
AI Summary
Keen Vision Acquisition Corp. entered into a Material Definitive Agreement on December 23, 2024. This agreement involves the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes other events and financial statements.
Why It Matters
This filing indicates a significant contractual development for Keen Vision Acquisition Corp., potentially impacting its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Players & Entities
- Keen Vision Acquisition Corp. (company) — Registrant
- December 23, 2024 (date) — Date of earliest event reported
FAQ
What type of Material Definitive Agreement was entered into by Keen Vision Acquisition Corp. on December 23, 2024?
The filing states that Keen Vision Acquisition Corp. entered into a Material Definitive Agreement on December 23, 2024, which also resulted in the creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
What is the exact name of the registrant?
The exact name of the registrant is Keen Vision Acquisition Corporation.
What is the SEC file number for Keen Vision Acquisition Corp.?
The SEC file number for Keen Vision Acquisition Corp. is 001-41753.
What is the business address of Keen Vision Acquisition Corp.?
The business address of Keen Vision Acquisition Corp. is 37 GREENBRIAR DRIVE, SUMMIT, NJ 07901.
What is the SIC code for Keen Vision Acquisition Corp.?
The Standard Industrial Classification (SIC) code for Keen Vision Acquisition Corp. is 6770 (BLANK CHECKS).
Filing Stats: 593 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-12-26 17:00:07
Key Financial Figures
- $0.0001 — daq Stock Market LLC Ordinary Shares, $0.0001 par value KVAC The Nasdaq Stock Mar
- $11.50 K — ordinary share at an exercise price of $11.50 KVACW The Nasdaq Stock Market LLC Ind
- $200,000 — te in the aggregate principal amount of $200,000 (the "Note") to KVC Sponsor LLC, the Co
- $10.00 — s initial public offering at a price of $10.00 per unit. Item 8.01 Other Events The
Filing Documents
- ea0225722-8k_keen.htm (8-K) — 34KB
- ea022572201ex10-1_keen.htm (EX-10.1) — 28KB
- 0001213900-24-112698.txt ( ) — 291KB
- kvac-20241223.xsd (EX-101.SCH) — 4KB
- kvac-20241223_def.xml (EX-101.DEF) — 27KB
- kvac-20241223_lab.xml (EX-101.LAB) — 37KB
- kvac-20241223_pre.xml (EX-101.PRE) — 25KB
- ea0225722-8k_keen_htm.xml (XML) — 7KB
01. Entry into
Item 1.01. Entry into a Material Definitive Agreement. The disclosure contained in Item 2.03 is incorporated by reference in this Item 1.01
03 Creation
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On December 23, 2024, Keen Vision Acquisition Corporation (the "Company") issued an unsecured promissory note in the aggregate principal amount of $200,000 (the "Note") to KVC Sponsor LLC, the Company's initial public offering sponsor ("Sponsor") in exchange for Sponsor depositing such amount into the Company's trust account in order to extend the amount of time it has available to complete a business combination. The Note does not bear interest and matures upon the closing of a business combination by the Company. In addition, the Note may be converted by the holder into units of the Company identical to the units issued in the Company's initial public offering at a price of $10.00 per unit.
01 Other Events
Item 8.01 Other Events The Company extended the business combination period to January 27, 2025, by depositing $200,000 to the trust account on December 23, 2024.
01. Financial
Item 9.01. Financial Exhibit No. Description 10.1 Promissory Note dated December 23, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 26, 2024 Keen Vision Acquisition Corporation By: /s/ WONG, Kenneth Ka Chun Name: WONG, Kenneth Ka Chun Title: Chief Executive Officer 2