Keen Vision Acquisition Corp. Files 8-K on Definitive Agreement
Ticker: KVACW · Form: 8-K · Filed: Jan 24, 2025 · CIK: 1889983
| Field | Detail |
|---|---|
| Company | Keen Vision Acquisition Corp. (KVACW) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2025 |
| 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, 8-k
Related Tickers: KVAC
TL;DR
KVAC signed a material definitive agreement, expect updates on financials.
AI Summary
Keen Vision Acquisition Corp. entered into a Material Definitive Agreement on January 22, 2025, related to its financial obligations. The company also reported other events and filed financial statements and exhibits as part of this 8-K filing.
Why It Matters
This filing indicates a significant contractual development for Keen Vision Acquisition Corp., potentially impacting its financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing details a material definitive agreement and financial obligations, which can introduce financial risks and operational changes for the company.
Key Players & Entities
- Keen Vision Acquisition Corp. (company) — Registrant
- January 22, 2025 (date) — Date of earliest event reported
FAQ
What type of Material Definitive Agreement did Keen Vision Acquisition Corp. enter into?
The filing states that Keen Vision Acquisition Corp. entered into a Material Definitive Agreement, but the specific details of the agreement are not provided in this summary.
What are the key financial obligations mentioned in the filing?
The filing mentions the 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant,' indicating financial commitments, but specific amounts or terms are not detailed here.
What is the significance of the 'Other Events' item reported?
The 'Other Events' item suggests that there are additional significant occurrences or developments for Keen Vision Acquisition Corp. that are being reported on this date, beyond the material agreement and financial obligations.
When was this 8-K filing submitted?
This 8-K filing was submitted on January 24, 2025.
What is the SIC code for Keen Vision Acquisition Corp.?
The Standard Industrial Classification (SIC) code for Keen Vision Acquisition Corp. is 6770, which corresponds to 'BLANK CHECKS'.
Filing Stats: 593 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2025-01-24 16:00:43
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
- ea0228630-8k_keen.htm (8-K) — 33KB
- ea022863001ex10-1_keen.htm (EX-10.1) — 34KB
- 0001213900-25-006497.txt ( ) — 296KB
- kvac-20250122.xsd (EX-101.SCH) — 4KB
- kvac-20250122_def.xml (EX-101.DEF) — 27KB
- kvac-20250122_lab.xml (EX-101.LAB) — 37KB
- kvac-20250122_pre.xml (EX-101.PRE) — 25KB
- ea0228630-8k_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 January 22, 2025, 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 February 27, 2025, by depositing $200,000 to the trust account on January 23, 2025.
01. Financial
Item 9.01. Financial Exhibit No. Description 10.1 Promissory Note dated January 22, 2025 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: January 24, 2025 Keen Vision Acquisition Corporation By: /s/ WONG, Kenneth Ka Chun Name: WONG, Kenneth Ka Chun Title: Chief Executive Officer 2