--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-060267" form_type: "8-K" ticker: "KVAC" cik: "0001889983" company_name: "Keen Vision Acquisition Corp." filed_at: "2023-07-27T23:59:59+00:00" generated_at: "2026-06-13T00:57:49.633484+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Keen Vision closes $149.5M SPAC IPO; 14.95M units at $10; over-allotment fully exercised ## Summary - 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. ## SEC filing metadata - accession: 0001213900-23-060267 - form_type: 8-K - ticker: KVAC - cik: 0001889983 - company_name: Keen Vision Acquisition Corp. - filed_at: 2023-07-27T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 1.01, 3.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1889983/000121390023060267/0001213900-23-060267-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1889983/000121390023060267/ea182296-8k_keenvision.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-060267 - JSON: https://secwatch.observer/filing/0001213900-23-060267.json - Plain text: https://secwatch.observer/filing/0001213900-23-060267.txt ## Key facts - Governance Changes 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 source text: On July 24, 2023, and in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association. evidence_url: https://www.sec.gov/Archives/edgar/data/1889983/000121390023060267/0001213900-23-060267-index.htm - Material Agreements 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 source text: An Investment Management Trust Agreement, dated July 24, 2023, by and between Continental Stock Transfer & Trust Company and the Company; evidence_url: https://www.sec.gov/Archives/edgar/data/1889983/000121390023060267/0001213900-23-060267-index.htm - Material Agreements 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 source text: Letter Agreement, dated July 24, 2023, by and between the Company, Company’s officers, directors, shareholders and KVC Sponsor LLC; evidence_url: https://www.sec.gov/Archives/edgar/data/1889983/000121390023060267/0001213900-23-060267-index.htm - Material Agreements 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 source text: An Underwriting Agreement, dated July 24, 2023, by and between the Company and EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”); evidence_url: https://www.sec.gov/Archives/edgar/data/1889983/000121390023060267/0001213900-23-060267-index.htm - Material Agreements 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 source text: ● 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1889983/000121390023060267/0001213900-23-060267-index.htm - Material Agreements 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 source text: ● 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1889983/000121390023060267/0001213900-23-060267-index.htm - Material Agreements 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 source text: ● 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1889983/000121390023060267/0001213900-23-060267-index.htm - Material Agreements 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 source text: A Registration Rights Agreement, dated July 24, 2023, by and among the Company and the initial shareholders of the Company; evidence_url: https://www.sec.gov/Archives/edgar/data/1889983/000121390023060267/0001213900-23-060267-index.htm - Material Agreements 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 source text: 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; evidence_url: https://www.sec.gov/Archives/edgar/data/1889983/000121390023060267/0001213900-23-060267-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.