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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
July 22, 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
Amendment to the Investment Management
Trust Agreement
As approved by its shareholders at the extraordinary
shareholders meeting held on July 22, 2025 (the “Meeting”), Keen Vision Acquisition Corporation (“KVAC”)
entered into an amendment to the Investment Management Trust Agreement, with Continental Stock Transfer & Trust Company (the “Trust
Amendment”) dated as of July 23, 2025. Pursuant to the Trust Amendment, KVAC has the right to extend the time for KVAC to
complete its business combination (the “Business Combination Period”) under the Trust Agreement for a period of six
months from July 27, 2025 to January 27, 2026, by depositing into the Trust Account $0.03 for each remaining public share (the “Extension
Payment”) for each one-month extension. The foregoing description of the Trust Amendment is qualified in its entirety by reference
to the full text of the Trust Amendment, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1, and is incorporated
herein by reference.
Promissory Note
On July 23, 2025, 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 5.03. Amendments to Articles
of Incorporation or Bylaws.
As approved by its shareholders at
the Meeting, KVAC filed its third amended and restated memorandum and articles of association (the “M&AA”) with
the British Virgin Islands Registry on July 23, 2025.
The foregoing description of KVAC’s
M&AA is qualified in its entirety by reference to the full text of KVAC’s M&AA, a copy of which is filed with this Current
Report on Form 8-K as Exhibit 3.1, and is incorporated herein by reference.
Item 5.07. Submission of Matters
to a Vote of Security Holders.
On July 22, 2025, KVAC held the Meeting.
On June 27, 2025, the record date for the Meeting, there were 10,820,727 ordinary shares of KVAC entitled to be voted at the Meeting,
of which 8,213,555, or approximately 75.91% of the total outstanding ordinary shares of KVAC, were represented in person or by proxy;
therefore, a quorum was present.
1. Trust Amendment
Shareholders approved the proposal
to amend KVAC’s Investment Management Trust Agreement by and between KVAC and Continental Stock Transfer & Trust Company, dated
as of July 24, 2023, giving KVAC the right to extend the Business Combination Period from July 27, 2025 to January 27, 2026 by depositing
$0.03 for each public share for each one month extended. Adoption of the Trust Amendment required approval by the affirmative vote of
at least 50% of the outstanding shares. The voting results were as follows:
FOR |
|
AGAINST |
|
ABSTAIN |
8,213,544 |
|
0 |
|
11 |
2. Charter Amendment
Shareholders approved the proposal
(the “Charter Amendment Proposal”) to amend KVAC’s M&AA, giving KVAC the right to extend the Business Combination
Period from July 27, 2025 to January 27, 2026 by depositing $0.03 for each public share for each one month extended. The approval of the
Charter Amendment Proposal requires a resolution of members under the M&AA, being the affirmative vote of a majority of the Company’s
ordinary shares issued and outstanding and entitled to vote and which are present (in person or by proxy) at the Meeting and which voted
on the matter is required. The voting results were as follows:
FOR |
|
AGAINST |
|
ABSTAIN |
8,213,544 |
|
0 |
|
11 |
Item 8.01. Other Events.
In connection with the shareholders’
vote at the Annual Meeting, 1,582,306 shares were tendered for redemption.
Item 9.01. Financial Statements
and Exhibits
Exhibit No. |
|
Description |
3.1 |
|
Third Amended and Restated Memorandum and Articles of Association of KVAC |
10.1 |
|
Amendment to the Investment Management Trust Agreement between KVAC and Continental Stock Transfer & Trust Company dated July 23, 2025 |
10.2 |
|
Promissory Note dated July 23, 2025 |
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: July 24, 2025 |
Keen Vision Acquisition Corporation |
|
|
|
|
By: |
/s/ WONG, Kenneth Ka Chun |
|
Name: |
WONG, Kenneth Ka Chun |
|
Title: |
Chief Executive Officer |