Keen Vision Acquisition Corp. (KVAC): debt financing — Keen Vision issues $200K promissory note to extend business combination deadline to July 27, 2025

Keen Vision Acquisition Corp.

Issued $200,000 non-interest bearing promissory note to sponsor KVC Sponsor LLC.
Note matures upon closing of a business combination; terminates if no deal by July 27, 2025.
Holder may convert principal into units at $10.00 per unit.
Extension funded by deposit of $200K into trust account; original deadline extended.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

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

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

Exact text from the filing

On June 23, 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 0001213900-25-058993

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