other material
confidence high
sentiment neutral
materiality 0.50
Keen Vision Acquisition Corp. closes IPO, deposits $151.4M trust; going concern noted
Keen Vision Acquisition Corp.
- IPO of 14.95M units at $10.00/unit; gross proceeds $149.5M including full over-allotment.
- Private placement of 678,575 units to sponsor KVC Sponsor LLC yields $6.8M.
- Trust account holds $151.4M; $1.6M cash outside trust for working capital.
- Must consummate business combination by April 27, 2024; auditor raises going concern doubt.
- Balance sheet shows $1.7M accumulated deficit; deferred underwriting of $3.0M.