Keen Vision Acquisition Corp. (KVAC): debt financing — Keen Vision extends business combination deadline to May 27, 2025 via $200K note from sponsor

Keen Vision Acquisition Corp.

Issued $200,000 unsecured promissory note to sponsor KVC Sponsor LLC to fund trust extension.
Note bears no interest, matures upon business combination, convertible into units at $10.00/unit.
Business combination deadline extended to May 27, 2025 via $200,000 deposit into trust account.
If no business combination by May 27, note terminates and no amounts due.
Payee waives any claim against the trust account.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Keen Vision Acquisition Corp. incurred loan of $200,000 with KVC Sponsor LLC (Sponsor) at does not bear interest maturing upon the closing of a business combination by the Company.

Instrument: loan
Principal: $200,000
Counterparty: KVC Sponsor LLC (Sponsor)
Rate: does not bear interest
Maturity: upon the closing of a business combination by the Company
Event: incurrence

Exact text from the filing

On April 25, 2025, Keen Vision Acquisition Corporation (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $200,000 (the “Note”) to KVC Sponsor LLC, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination.

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Source: SEC EDGAR

accession 0001213900-25-035726

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