Keen Vision Acquisition Corporation has entered into a new financial agreement with its initial public offering sponsor, KVC Sponsor LLC. On August 18, 2025, Keen Vision issued an unsecured promissory note amounting to $144,670.38. This arrangement aims to extend the company's available time to finalize a business combination. The note, which is interest-free, will mature upon the successful closing of a business combination. Furthermore, the agreement allows the sponsor to convert the note into company units at a conversion rate of $10.00 per unit, mirroring the terms of Keen Vision's initial public offering.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keen Vision Acquisition Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-079976), on August 22, 2025, and is solely responsible for the information contained therein.