K
Keen Vision Acquisition Corp.
KVACWCIK 0001889983NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$1.91M
Total Assets
$57.04M
Equity
$-7.01M
Shares Out
5.51M
Op. Cash Flow
$-784.1K
Business
Keen Vision Acquisition Corp. is a blank check (SPAC) company formed to identify and complete an initial business combination with one or more operating businesses. It offers public units consisting of ordinary shares and warrants, holds IPO proceeds in a trust account, and engages sponsors and management to source, diligence and structure mergers, acquisitions or asset purchases. Its operating focus is on acquiring growth-oriented targets in biotechnology, consumer goods and agriculture, leveraging management’s M&A and de‑SPAC experience. The company pursues targets globally with emphasis on opportunities in the Americas and Asia, and may consider China‑based businesses subject to applicable regulatory constraints.
Summary from filing dated 2025-03-07
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Formation and operating costs | −743,509 | −1 | −478,676 | 697 | |
| Dividend income earned in investments held in Trust Account | 3 | 7 | 2 | — | |
| Interest income earned in investments held in Trust Account | — | 2 | 2 | 4 | |
| Interest income | 1 | 26 | 37 | — | |
| Total other income | 3 | 9 | 2 | 4 | |
| NET INCOME | 2 | 7 | 1 | −693 | |
| Transfer to realized gain in investments held in Trust Account | — | −2 | — | — | |
| COMPREHENSIVE INCOME | 2 | 6 | 3 | −693 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash at bank | 11,206 | 54,548 | 631,753 | — | — | |
| Prepayment | 25,550 | 9,238 | 233,862 | 2,598 | — | |
| Total current assets | 36,756 | 63,786 | 865,615 | 80,307 | — | |
| Cash and investments held in trust account | 57 | 70 | 155 | — | — | |
| TOTAL ASSETS | 57 | 70 | 156 | 194,807 | — | |
| Accrued expenses | 73,496 | 97,813 | 4,000 | — | — | |
| Extension promissory note payable | 3 | 600,000 | — | — | — | |
| Total current liabilities | 4 | 1 | 14,000 | 173,573 | — | |
| Deferred underwriting compensation | 3 | 3 | 3 | — | — | |
| TOTAL LIABILITIES | 7 | 4 | 3 | 173,573 | — | |
| Commitments and contingencies (Note 7) | — | — | — | — | — | |
| Ordinary shares, 4,822,346 and 14,950,000 shares subject to possible redemption issued and outstanding as of December 31, 2025 and 2024, respectively | 57 | 70 | 155 | — | — | |
| Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 4,416,075 shares issued and outstanding as of December 31, 2025 and 2024 (excluding 4,822,346 and 14,950,000 shares subject to possible redemption, respectively) | 442 | 442 | 442 | 374 | — | |
| Accumulated deficit | −7 | −4 | −4 | −3,766 | — | |
| Total Shareholders Deficit | −7 | −4 | −2 | 21,234 | 21,927 | |
| TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | 57 | 70 | 156 | 194,807 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Prepayment | −16,312 | 224,624 | −231,264 | −2,598 | |
| Accrued expenses | −24,317 | 93,813 | 4,000 | — | |
| Net cash used in operating activities | −784,137 | −1 | −705,903 | −3,291 | |
| Cash withdrawn from Trust Account in connection to redemption | 18 | 92 | — | — | |
| Extension payments deposited in Trust Account | −2 | −600,000 | — | — | |
| Net cash provided by investing activities | 16 | 92 | −151 | — | |
| Advance from a related party | 740,795 | 565,085 | 318,427 | 56,076 | |
| Proceed from extension promissory note - related party | 2 | 600,000 | — | — | |
| Redemption of common stock | −18 | −92 | — | — | |
| Net cash used in financing activities | −15 | −91 | 153 | 56,076 | |
| NET CHANGE IN CASH | −43,342 | −577,205 | 554,044 | 52,785 | |
| Accretion of carrying value to redemption value | 5 | 8 | 3 | — |
Filings
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