8-K
filed July 27, 2023, 7:59 PM ET
ticker KVAC
CIK 0001889983
other material
confidence high
sentiment neutral
materiality 0.50
Keen Vision closes $149.5M SPAC IPO; 14.95M units at $10; over-allotment fully exercised
Keen Vision Acquisition Corp.
- Closed IPO of 14,950,000 units at $10.00/unit, gross proceeds of $149,500,000.
- Underwriters fully exercised 45-day over-allotment option for 1,950,000 additional units.
- Private placement of 678,575 units to sponsor KVC Sponsor LLC raised $6,785,750.
- Net proceeds of $151,368,750 deposited into trust account for future business combination.
- Company focuses on biotech, consumer goods, or agriculture targets with ESG criteria.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Keen Vision Acquisition Corp.: Adopted Amended and Restated Memorandum and Articles of Association in connection with IPO (effective 2023-07-24).
- Change
- charter amendment
- Effective
- 2023-07-24
Exact text from the filing
On July 24, 2023, and in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Keen Vision Acquisition Corp. entered into Investment Management Trust Agreement with Continental Stock Transfer & Trust Company valued at Total trust deposit of $151,368,750 (effective 2023-07-24).
- Action
- entry
- Counterparty
- Continental Stock Transfer & Trust Company
- Value
- Total trust deposit of $151,368,750
- Effective
- 2023-07-24
Exact text from the filing
An Investment Management Trust Agreement, dated July 24, 2023, by and between Continental Stock Transfer & Trust Company and the Company;
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Keen Vision Acquisition Corp. entered into Letter Agreement with Company, Company’s officers, directors, shareholders and KVC Sponsor LLC valued at Not specified (effective 2023-07-24).
- Action
- entry
- Counterparty
- Company, Company’s officers, directors, shareholders and KVC Sponsor LLC
- Value
- Not specified
- Effective
- 2023-07-24
Exact text from the filing
Letter Agreement, dated July 24, 2023, by and between the Company, Company’s officers, directors, shareholders and KVC Sponsor LLC;
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Keen Vision Acquisition Corp. entered into Underwriting Agreement with EF Hutton, division of Benchmark Investments, LLC valued at Gross proceeds of $149,500,000 (effective 2023-07-24).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- EF Hutton, division of Benchmark Investments, LLC
- Value
- Gross proceeds of $149,500,000
- Effective
- 2023-07-24
Exact text from the filing
An Underwriting Agreement, dated July 24, 2023, by and between the Company and EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”);
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Keen Vision Acquisition Corp. entered into Private Placement Unit Purchase Agreement with KVC Sponsor LLC valued at Not specified (effective 2023-07-24).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- KVC Sponsor LLC
- Value
- Not specified
- Effective
- 2023-07-24
Exact text from the filing
● Letter Agreement, dated July 24, 2023, by and between the Company, Company’s officers, directors, shareholders and KVC Sponsor LLC; ● An Investment Management Trust Agreement, dated July 24, 2023, by and between Continental Stock Transfer & Trust Company and the Company; ● A Registration Rights Agreement, dated July 24, 2023, by and among the Company and the initial shareholders of the Company; ● A Private Placement Unit Purchase Agreement, dated July 24, 2023, by
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Keen Vision Acquisition Corp. entered into Administrative Services Agreement with KVC Sponsor LLC valued at Not specified (effective 2023-07-24).
- Action
- entry
- Counterparty
- KVC Sponsor LLC
- Value
- Not specified
- Effective
- 2023-07-24
Exact text from the filing
● Letter Agreement, dated July 24, 2023, by and between the Company, Company’s officers, directors, shareholders and KVC Sponsor LLC; ● An Investment Management Trust Agreement, dated July 24, 2023, by and between Continental Stock Transfer & Trust Company and the Company; ● A Registration Rights Agreement, dated July 24, 2023, by and among the Company and the initial shareholders of the Company; ● A Private Placement Unit Purchase Agreement, dated July 24, 2023, by
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Keen Vision Acquisition Corp. entered into Warrant Agreement with Continental Stock Transfer & Trust Company valued at Not specified (effective 2023-07-24).
- Action
- entry
- Counterparty
- Continental Stock Transfer & Trust Company
- Value
- Not specified
- Effective
- 2023-07-24
Exact text from the filing
● A Warrant Agreement, dated July 24, 2023, by and between the Company and Continental Stock Transfer & Trust Company; ● Letter Agreement, dated July 24, 2023, by and between the Company, Company’s officers, directors, shareholders and KVC Sponsor LLC; ● An Investment Management Trust Agreement, dated July 24, 2023, by and between Continental Stock Transfer & Trust Company and the Company; ● A Registration Rights Agreement, dated July 24, 2023, by and among the Company and the initial shareholders of the Company; ● A Private Placement Unit Purchase Agreement, dated July 24, 2023, by
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Keen Vision Acquisition Corp. entered into Registration Rights Agreement with the initial shareholders of the Company valued at Not specified (effective 2023-07-24).
- Action
- entry
- Counterparty
- the initial shareholders of the Company
- Value
- Not specified
- Effective
- 2023-07-24
Exact text from the filing
A Registration Rights Agreement, dated July 24, 2023, by and among the Company and the initial shareholders of the Company;
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Keen Vision Acquisition Corp. entered into Stock Escrow Agreement with the initial shareholders of the Company, and Continental Stock Transfer & Trust Company valued at Not specified (effective 2023-07-24).
- Action
- entry
- Counterparty
- the initial shareholders of the Company, and Continental Stock Transfer & Trust Company
- Value
- Not specified
- Effective
- 2023-07-24
Exact text from the filing
A Stock Escrow Agreement, dated July 24, 2023, by and among the Company, the initial shareholders of the Company, and Continental Stock Transfer & Trust Company;
View on SEC.gov
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