Keen Vision Acquisition Corporation has entered into a new financial agreement with KVC Sponsor LLC, its initial public offering sponsor. On May 20, 2025, the company issued an unsecured promissory note amounting to $200,000. This agreement was made in exchange for the sponsor depositing the same amount into the company's trust account, allowing Keen Vision to extend its timeframe for completing a business combination. The note, which does not accrue interest, will mature upon the successful closing of a business combination. Additionally, the note provides the holder with the option to convert it into company units, priced at $10.00 per unit, mirroring those issued in the initial public offering. The business combination period has been extended to June 27, 2025, following the deposit of the funds into the trust account on May 23, 2025.
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