KVAC issues $144,670 sponsor note; conversion at $10.00 per unit

Rhea-AI Filing Summary

Keen Vision Acquisition Corporation issued an unsecured promissory note for $144,670.38 to its sponsor in exchange for a trust deposit to extend the time to complete a business combination. The note bears no interest and matures upon the closing of a business combination. The holder may convert the note into units identical to the IPO units at $10.00 per unit.

The company extended its business combination period to November 27, 2025 after depositing $144,670.38 into the trust account on October 24, 2025. Listed securities include units (KVACU), ordinary shares (KVAC), and warrants (KVACW) with a stated exercise price of $11.50 per share.

Insights

Capital Structure Analyst

SPAC extends its deadline with a small, no-interest sponsor note convertible at $10, trading time for modest potential dilution.

Keen Vision Acquisition Corporation entered a material note with its sponsor on October 21, 2025 for $144,670.38. The sponsor deposited the same amount into the trust, extending the business combination period to November 27, 2025. The note is unsecured, bears no interest, and becomes due upon closing of a business combination. The holder may convert into IPO-identical units at $10.00 per unit.

This mechanism preserves optionality and avoids immediate liquidation risk while adding a direct financial obligation. The zero-interest feature limits cash outflow, but convertibility introduces potential dilution through additional units and attached warrants identical to the IPO structure. Because the amount is small relative to typical SPAC trust balances, the near-term balance sheet impact appears limited, with the tradeoff centered on time versus dilution.

Key items to watch: completion of a business combination by November 27, 2025, any further extensions using similar notes, and whether the sponsor elects conversion at $10.00 per unit. Monitor subsequent 8-Ks for deal announcements, redemptions, and cumulative extension financing that could affect post-combination float and dilution dynamics.

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United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

October 21, 2025

Date of Report (Date of earliest event reported)

KEEN VISION ACQUISITION CORPORATION

(Exact Name of Registrant as Specified in its Charter)

British Virgin Islands		001-41753		n/a
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

37 Greenbriar Drive Summit, New Jersey		07901
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (203) 609-1394

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act: None.

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Units, each consisting of one ordinary share and one redeemable warrant to acquire one ordinary share		KVACU		The Nasdaq Stock Market LLC
Ordinary Shares, $0.0001 par value		KVAC		The Nasdaq Stock Market LLC
Warrants, each exercisable for one ordinary share at an exercise price of $11.50		KVACW		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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.

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.

Item 9.01. Financial Statements and Exhibits.

Exhibit No.		Description
10.1		Promissory Note dated October 21, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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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: October 27, 2025	Keen Vision Acquisition Corporation
	By:	/s/ WONG, Kenneth Ka Chun
	Name:	WONG, Kenneth Ka Chun
	Title:	Chief Executive Officer

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FAQ

What did KVAC (KVAC) announce in this 8-K?

KVAC issued an unsecured promissory note for $144,670.38 to its sponsor, tied to a trust deposit to extend the business combination period.

What is KVAC's new business combination deadline?

The period was extended to November 27, 2025.

Does the promissory note bear interest and when does it mature?

The note bears no interest and matures upon the closing of a business combination.

Can the note be converted into equity?

Yes. The holder may convert into units identical to KVAC’s IPO units at $10.00 per unit.

When was the trust deposit made and for how much?

The deposit of $144,670.38 was made on October 24, 2025.

Which KVAC securities are listed and what is the warrant exercise price?

Units KVACU, ordinary shares KVAC, and warrants KVACW; each warrant is exercisable at $11.50 per share.