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

Keen Vision Acquisition Corp.

Issued $200,000 unsecured promissory note to sponsor KVC Sponsor LLC on May 20, 2025.
Funds deposited into trust to extend business combination deadline to June 27, 2025.
Note is non-interest bearing, matures upon business combination, convertible into units at $10 each.
If no business combination by June 27, note terminates and no amounts due.
Note may be converted into units identical to those issued in the IPO at $10 per unit.

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 maturing matures upon the closing of a business combination.

Instrument: loan
Principal: $200,000
Counterparty: KVC Sponsor LLC
Maturity: matures upon the closing of a business combination
Event: incurrence

Exact text from the filing

On May 20, 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

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Keen Vision Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-047411

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