Keen Vision Acquisition Corp. (KVAC) Form 10-Q — Aug 14, 2026

$KVACForm 10-QFiled Aug 14, 2026, 5:01 PM ET0001213900-26-090240Original filing

Keen Vision Acquisition Corporation, a British Virgin Islands blank-check SPAC, filed its Form 10-Q for the quarter ended June 30, 2026 with explicit going-concern language: substantial doubt exists about its ability to continue if a business combination is not consummated by October 27, 2026, after 18 deadline extensions.

Key figures

Net Income: 71966
Cash Position: 11464
Deal Value Usd: $622,560,000 net value for 100% of Medera under the merger agreement basis, with Acquirer shares valued at $10.00
Shares Outstanding: 4592855
Sponsor advances: 1773066
Ipo gross proceeds: 149500000
Q2 2025 net income: 558055
Redemption jan 2026: 44294337
Redemption jul 2025: 18091743
Redemption oct 2024: 92398989
Extensions completed: 18
Shareholders deficit: 7620782
Initial trust deposit: 151368750
Q2 2026 redeemable eps: 0.08
Working capital deficit: 4630782
Shares redeemed jul 2026: 913666
Six month 2025 net income: 1126226
Trust account dec 31 2025: 57003115
Trust account jun 30 2026: 13390884
Private placement proceeds: 6785750
Sponsor extension notes payable: 2908022
Deferred underwriting commission: 2990000

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