Keen Vision Acquisition Corp. (KVAC): debt financing — Keen Vision extends SPAC deadline to Oct 27, 2025 with $144,670 sponsor note

Keen Vision Acquisition Corp.

Issued $144,670.38 promissory note to sponsor KVC Sponsor LLC to fund trust account extension.
Note is non-interest bearing, due upon business combination close, or automatically terminated if no deal by Oct 27, 2025.
Sponsor may convert note into private units at $10 per unit, identical to IPO units.
Business combination deadline extended from original date to October 27, 2025.

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 $144,670.38 with KVC Sponsor LLC at does not bear interest maturing upon the closing of a business combination by the Company.

Instrument: loan
Principal: $144,670.38
Counterparty: KVC Sponsor LLC
Rate: does not bear interest
Maturity: upon the closing of a business combination by the Company
Event: incurrence

Exact text from the filing

On September 19, 2025, Keen Vision Acquisition Corporation (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $144,670.38 (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. The Note does not bear interest and matures upon the closing of a business combination by the Company.

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Source: SEC EDGAR

accession 0001213900-25-091094

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