Keen Vision Acquisition Corporation has filed an -K with the SEC announcing the issuance of a promissory note to its initial public offering sponsor, KVC Sponsor LLC, on October 27, 2026. The company deposited $30,000 into its trust account in exchange for this note, a move intended to extend the time available to complete a business combination.
The promissory note is unsecured and does not bear interest. It matures upon the closing of a business combination. The holder of the note, KVC Sponsor LLC, has the option to convert the note into units of the company identical to those issued in the initial public offering at a price of $10.00 per unit.
In conjunction with the deposit, the company has extended its deadline to complete a business combination to January 27, 2027. The filing includes the promissory note dated October 27, 2026, as an exhibit.
