$KVAUF

Keen Vision Acquisition Corp.

CIK:0001889983|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Formation and operating costs	$ (137,296)	$ (192,040)	$ (370,140)	$ (363,373)
Other income:
Dividend income earned in investments held in Trust Account	117,175	750,095	442,106	1,489,599
Total other income	117,175	750,095	442,106	1,489,599
NET (LOSS) INCOME	$ (20,121)	$ 558,055	$ 71,966	$ 1,126,226
Ordinary Shares Subject to Possible Redemption
Other income:
Basic weighted average shares outstanding, ordinary shares subject to possible redemption	1,090,446	6,404,652	2,121,358	6,404,652
Diluted weighted average shares outstanding, ordinary shares subject to possible redemption	1,090,446	6,404,652	2,121,358	6,404,652
Basic net income (loss) per share, ordinary shares subject to possible redemption	$ 0.08	$ 0.1	$ 0.15	$ 0.2
Diluted net income (loss) per share, ordinary shares subject to possible redemption	$ 0.08	$ 0.1	$ 0.15	$ 0.2
Ordinary Shares Not Subject to Possible Redemption
Other income:
Basic weighted average shares outstanding, ordinary shares subject to possible redemption	4,416,075	4,416,075	4,416,075	4,416,075
Diluted weighted average shares outstanding, ordinary shares subject to possible redemption	4,416,075	4,416,075	4,416,075	4,416,075
Basic net income (loss) per share, ordinary shares subject to possible redemption	$ (0.02)	$ (0.02)	$ (0.06)	$ (0.03)
Diluted net income (loss) per share, ordinary shares subject to possible redemption	$ (0.02)	$ (0.02)	$ (0.06)	$ (0.03)

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 71,966	$ 1,126,226
Adjustments to reconcile net income to net cash used in operating activities:
Dividend income earned in cash and investments held in trust account	(442,106)	(1,489,599)
Changes in operating assets and liabilities:
Prepayment	(53,880)	(54,577)
Accrued expenses	(32,908)	(68,903)
Net cash used in operating activities	(456,928)	(486,853)
Cash flows from investing activities:
Extension payments deposited in Trust Account	(240,000)	(1,200,000)
Cash withdrawn from Trust Account in connection to redemption	44,294,337
Net cash provided by (used in) investing activities	44,054,337	(1,200,000)
Cash flows from financing activities:
Advance from a related party	457,186	433,622
Proceed from extension promissory note payable - related party	240,000	1,200,000
Redemption of common stock	(44,294,337)
Net cash (used in) provided by financing activities	(43,597,151)	1,633,622
NET CHANGE IN CASH	258	(53,231)
CASH AT BANK, BEGINNING OF PERIOD	11,206	54,548
CASH AT BANK, END OF PERIOD	11,464	1,317
Non-cash investing and financing activities:
Accretion of carrying value to redemption value	$ 682,106	$ 2,689,598

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash at bank	$ 11,464	$ 11,206
Prepayment	79,430	25,550
Total current assets	90,894	36,756
Cash and investments held in trust account	13,390,884	57,003,115
TOTAL ASSETS	13,481,778	57,039,871
Current liabilities:
Accrued expenses	40,588	73,496
Extension promissory note payable	2,908,022	2,668,022
Total current liabilities	4,721,676	4,057,398
Deferred underwriting compensation	2,990,000	2,990,000
TOTAL LIABILITIES	7,711,676	7,047,398
Commitments and contingencies (Note 7)
Ordinary shares, 1,090,446 and 4,822,346 shares subject to possible redemption issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	13,390,884	57,003,115
Shareholders’ Deficit:
Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 4,416,075 shares issued and outstanding as of June 30, 2026 and December 31, 2025 (excluding 1,090,446 and 4,822,346 shares subject to possible redemption, respectively)	442	442
Accumulated deficit	(7,621,224)	(7,011,084)
Total Shareholders’ Deficit	(7,620,782)	(7,010,642)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	13,481,778	57,039,871
Related Party
Current liabilities:
Amount due to a related party	$ 1,773,066	$ 1,315,880