Keen Vision Acquisition enters binding LOI for $100M merger with Novoheart

Keen Vision Acquisition Corp.

LOI replaces prior Sept 2024 Merger Agreement, which was terminated via mutual release.
Agreed enterprise valuation of Novoheart at $100M; required closing liquidity ≥$10M.
Cash expense caps: Parent $700K, NVH $1.3M; PIPE fundraising must close within 9 months.
Parties to negotiate replacement merger agreement by April 10, 2026; conditions consistent with prior agreement.
Medera China subsidiaries excluded from the business combination.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Keen Vision Acquisition Corp. entered into Binding Letter of Intent with Medera Inc. and Novoheart Group Limited valued at Enterprise valuation of Novoheart Group Limited set at US$100,000,000; surviving company must have a (effective 2026-02-26).

Action: entry
Agreement: merger
Counterparty: Medera Inc. and Novoheart Group Limited
Value: Enterprise valuation of Novoheart Group Limited set at US$100,000,000; surviving company must have a
Effective: 2026-02-26

Exact text from the filing

On February 26, 2026, Keen Vision Acquisition Corporation, a British Virgin Islands business company limited by shares (“Parent”), entered into a binding letter of intent (“LOI”) with Medera Inc., a Cayman Islands exempted company (“Company”), and Novoheart Group Limited, a British Virgin Islands company and wholly owned subsidiary of the Company (“NVH”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Keen Vision Acquisition Corp. terminated Prior Merger Agreement with Medera Inc. and Novoheart Group Limited valued at Prior Merger Agreement dated September 3, 2024 was terminated concurrently with execution of the LOI (effective 2026-02-26).

Action: termination
Agreement: merger
Counterparty: Medera Inc. and Novoheart Group Limited
Value: Prior Merger Agreement dated September 3, 2024 was terminated concurrently with execution of the LOI
Effective: 2026-02-26

Exact text from the filing

The LOI replaces the prior Merger Agreement dated September 3, 2024, which was terminated concurrently with execution of the LOI pursuant to a mutual release agreement entered into by the parties.

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Keen Vision Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001213900-26-022404

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