10/27/2025 | Press release | Distributed by Public on 10/27/2025 14:11
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On October 21, 2025, Keen Vision Acquisition Corporation (the "Company") issued an unsecured promissory note in the aggregate principal amount of $144,670.38 (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.
Item 8.01 Other Events
The Company extended the business combination period to November 27, 2025, by depositing $144,670.38 to the trust account on October 24, 2025.