Keen Vision Acquisition Corporation Ordinary Shares (KVAC)
Filed: 8 Aug 23, 4:15pm
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
July 27, 2023
Date of Report (Date of earliest event reported)
KEEN VISION ACQUISITION CORPORATION
(Exact Name of Registrant as Specified in its Charter)
| British Virgin Islands | 001-41753 | n/a | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
37 Greenbriar Drive Summit, New Jersey | 07901 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (203) 609-1394
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Securities registered pursuant to Section 12(b) of the Act: None.
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Units, each consisting of one ordinary share and one redeemable warrant to acquire one ordinary share | KVACU | The Nasdaq Stock Market LLC | ||
| Ordinary Shares, $0.0001 par value | KVAC | The Nasdaq Stock Market LLC | ||
| Warrants, each exercisable for one ordinary share at an exercise price of $11.50 | KVACW | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events
As previously disclosed on a Current Report on Form 8-K dated July 27, 2023 (the “Current Report”), Keen Vision Acquisition Corporation (the “Company”) consummated its initial public offering (“IPO”) of 14,950,000 units (the “Units”), which is inclusive of the 1,950,000 additional over-allotments Units granted to the underwriters. Each Unit consists of one ordinary share (“Ordinary Share”) and one redeemable warrant (“Warrant”). The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $149,500,000.
As of July 27, 2023, a total of $151,368,750 of the net proceeds generated from the sale of Units in the IPO and the private placement with KVC Sponsor LLC consummated simultaneously with the closing of the IPO were deposited in a trust account established for the benefit of the Company’s public shareholders. An audited balance sheet as of July 27, 2023, reflecting receipt of the proceeds upon consummation of the IPO and the private placement, is included with this report as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 99.1 | Balance Sheet dated July 27, 2023 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: August 8, 2023 | ||
| KEEN VISION ACQUISITION CORPORATION | ||
| By: | /s/ WONG, Kenneth K.C. | |
| Name: | WONG, Kenneth K.C. | |
| Title: | Chief Executive Officer | |
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