7 results
10-K
2023 FY
KVAC
Keen Vision Acquisition Corp
29 Mar 24
Annual report
4:06pm
Name and Address of Beneficial Owner(1) | Number of Ordinary Shares Beneficially Owned | Approximate Percentage of Outstanding Ordinary Shares | ||||||
KVC Sponsor LLC(2) | 4,416,075 | 22.80 | % | |||||
WONG, Kenneth K.C.(2) | 4,416,075 | 22.80 | % | |||||
DAVIDKHANIAN, Alex | 0 | * | % | |||||
DING, Peter | 0 | * | % | |||||
CHU, William | 0 | * | % | |||||
YU, Albert Cheung-Hoi | 0 | * | % | |||||
All executive officers and directors as a group (5 individuals) | 4,416,075 | 22.80 | % | |||||
Periscope Capital Inc.(3) | 996,800 | 5.1 | % | |||||
Karpus Investment Management.(4) | 1,278,000 | 6.60 | % | |||||
HGC Investment Management Inc.(5) | 1,200,000 | 6.20 | % |
10-K
2023 FY
KVAC
Keen Vision Acquisition Corp
29 Mar 24
Annual report
4:06pm
December 31, | December 31, | |||||||
2023 | 2022 | |||||||
ASSETS | ||||||||
Cash at bank | $ | 631,753 | $ | 77,709 | ||||
Prepayment | 233,862 | 2,598 | ||||||
Total current assets | 865,615 | 80,307 | ||||||
Deferred offering costs | - | 114,500 | ||||||
Cash and investments held in trust account | 154,823,318 | - | ||||||
TOTAL ASSETS | $ | 155,688,933 | $ | 194,807 | ||||
LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY | ||||||||
Current liabilities: | ||||||||
Accrued expenses | $ | 4,000 | $ | - | ||||
Promissory note - related party | - | 173,573 | ||||||
Amount due to a related party | 10,000 | - | ||||||
Total current liabilities | 14,000 | 173,573 | ||||||
Deferred underwriting compensation | 2,990,000 | - | ||||||
TOTAL LIABILITIES | 3,004,000 | 173,573 | ||||||
Commitments and contingencies | ||||||||
Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 14,950,000 and 0 shares subject to possible redemption issued and outstanding as of December 31, 2023 and 2022, respectively | 154,823,318 | - | ||||||
Shareholders’ (deficit) equity: | ||||||||
Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 4,416,075 and 3,737,500 shares not subject to possible redemption issued and outstanding as of December 31, 2023 and 2022, respectively (excluding 14,950,000 and 0 shares subject to possible redemption, respectively) (1) | 442 | 374 | ||||||
Additional paid-in capital | - | 24,626 | ||||||
Accumulated other comprehensive income | 1,521,171 | - | ||||||
Accumulated deficit | (3,659,998) | (3,766) | ||||||
Total Shareholders’ (Deficit) Equity | (2,138,385) | 21,234 | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY | $ | 155,688,933 | $ | 194,807 |
10-K
2023 FY
KVAC
Keen Vision Acquisition Corp
29 Mar 24
Annual report
4:06pm
Years Ended December 31, | ||||||||
2023 | 2022 | |||||||
Formation and operating costs | $ | 478,676 | $ | 697 | ||||
Other income: | ||||||||
Dividend income earned in investments held in Trust Account | 2 | - | ||||||
Interest income earned in investments held in Trust Account | 1,933,395 | - | ||||||
Interest income | 37 | 4 | ||||||
Total other income | 1,933,434 | 4 | ||||||
NET INCOME (LOSS) | $ | 1,454,758 | $ | (693) | ||||
Other comprehensive income: | ||||||||
Unrealized gain in investments held in Trust Account | 1,521,171 | - | ||||||
COMPREHENSIVE INCOME (LOSS) | $ | 2,975,929 | $ | (693) | ||||
Basic and diluted weighted average shares outstanding, ordinary shares subject to possible redemption | 6,430,548 | - | ||||||
Basic and diluted net income per share, ordinary shares subject to possible redemption | $ | 0.25 | $ | - | ||||
Basic and diluted weighted average shares outstanding, ordinary shares not subject to possible redemption(1) | 4,029,380 | 3,250,000 | ||||||
Basic and diluted net loss per share, ordinary shares not subject to possible redemption | $ | (0.05) | $ | (0.00) |
10-K
2023 FY
KVAC
Keen Vision Acquisition Corp
29 Mar 24
Annual report
4:06pm
Years ended December 31, 2023 | ||||||||||||||||||||||||
Ordinary shares | ||||||||||||||||||||||||
No. of shares | Amount | Additional paid-in capital | Accumulated other comprehensive income | Accumulated deficit | Total shareholders’ equity (deficit) | |||||||||||||||||||
Balance as of December 31, 2022(1) | 3,737,500 | $ | 374 | $ | 24,626 | $ | - | $ | (3,766) | $ | 21,234 | |||||||||||||
Sale of units in initial public offering, net of offering costs | 14,950,000 | 1,495 | 142,900,525 | - | - | 142,902,020 | ||||||||||||||||||
Sale of units to the founder in private placement | 678,575 | 68 | 6,785,682 | - | - | 6,785,750 | ||||||||||||||||||
Initial classification of ordinary shares subject to possible redemption | (14,950,000) | (1,495) | (147,853,763) | - | - | (147,855,258) | ||||||||||||||||||
Allocation of offering costs to ordinary shares subject to redemption | 6,525,391 | - | - | 6,525,391 | ||||||||||||||||||||
Accretion of carrying value to redemption value | (8,382,461) | - | (5,110,990) | (13,493,451) | ||||||||||||||||||||
Net income for the year | - | - | - | - | 1,454,758 | 1,454,758 | ||||||||||||||||||
Unrealized gain on available held for sale securities | - | - | - | 1,521,171 | - | 1,521,171 | ||||||||||||||||||
Balance as of December 31, 2023(1) | 4,416,075 | $ | 442 | $ | - | $ | 1,521,171 | $ | (3,659,998) | $ | (2,138,385) |
10-K
2023 FY
KVAC
Keen Vision Acquisition Corp
29 Mar 24
Annual report
4:06pm
Year ended December 31, 2022 | ||||||||||||||||||||
Ordinary shares | ||||||||||||||||||||
No. of shares | Amount | Additional paid-in capital | Accumulated deficit | Total shareholders’ equity | ||||||||||||||||
Balance as of January 1, 2022(1) | 3,737,500 | $ | 374 | $ | 24,626 | $ | (3,073) | $ | 21,927 | |||||||||||
Net loss for the year | - | - | - | (693) | (693) | |||||||||||||||
Balance as of December 31, 2022(1) | 3,737,500 | $ | 374 | $ | 24,626 | $ | (3,766) | $ | 21,234 |
10-K
5wzuuxq o427ne
29 Mar 24
Annual report
4:06pm
10-K
g27s864pq9sti h5qov
29 Mar 24
Annual report
4:06pm
- Prev
- 1
- Next