Keen Vision extends business combination deadline to July 2025; 8.5M shares redeemed

Keen Vision Acquisition Corp.

Shareholders approved extending the business combination deadline from Oct 27, 2024 to July 27, 2025 via monthly $200k deposits.
Sponsor deposited the first $200k, extending the deadline to Nov 27, 2024; a promissory note for that amount was issued to the sponsor.
8,545,348 shares were tendered for redemption, representing ~44% of outstanding shares, reflecting significant shareholder exit.
Note is unsecured, bears no interest, and is convertible into units at $10/unit upon closing of a business combination.

item 1.01 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Keen Vision Acquisition Corp.: Filed second amended and restated memorandum and articles of association, as approved by shareholders at the Annual Meeting (effective 2024-10-28).

Change: charter amendment
Effective: 2024-10-28

Exact text from the filing

KVAC filed its second amended and restated memorandum and articles of association (the “ M&AA ”) with the British Virgin Islands Registry on October 28, 2024.

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Keen Vision Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-092310

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