Keen Vision Acquisition Corporation Extends Merger Deadline with $144,670.38 Promissory Note

Keen Vision Acquisition Corporation issued a $144,670.38 unsecured promissory note to its IPO sponsor, KVC Sponsor LLC, to extend the time for completing a business combination. The note matures upon closing the combination and can be converted into company units at $10.00 per unit. This financial move aims to maintain flexibility in the company's operations.

Keen Vision Acquisition Corp (KVAC), a blank check company listed on the Nasdaq Stock Market under the symbol KVAC, has issued an unsecured promissory note totaling $144,670.38 to its initial public offering (IPO) sponsor, KVC Sponsor LLC. This move aims to extend the time available for KVAC to complete a business combination [1].

According to the SEC filing, the note does not bear interest and will mature upon the closing of a business combination. The holder of the note may convert it into units of KVAC at a price of $10.00 per unit. This financial maneuver allows KVAC to maintain operational flexibility while pursuing potential mergers, acquisitions, or other business combinations [1].

Keen Vision Acquisition Corp is an emerging growth company that focuses on mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations. The company is incorporated in the British Virgin Islands and trades on the Nasdaq Stock Market under the symbols KVACU, KVAC, and KVACW [2].

The recent transaction by MIZUHO FINANCIAL GROUP INC, which added 963 shares of KVAC to its portfolio, reflects the firm's ongoing investment strategy in the financial services sector. Despite the addition, the trade impact on MIZUHO FINANCIAL GROUP INC's overall portfolio composition remains negligible [2].

KVAC's financial performance presents a mixed picture. The company has a high price-to-earnings (PE) ratio of 254.44, indicating a potentially overvalued stock. The GF Score of 23/100 suggests a low future performance potential, and both the Profitability Rank and Growth Rank are low, reflecting challenges in achieving sustainable profitability and growth [2].

Since the transaction, KVAC's stock has gained 0.7%, contributing to a year-to-date price change of 4.19%. The stock's momentum indicators, such as the RSI and momentum index ranks, provide insights into its current market performance. The Momentum Rank is low, indicating limited upward momentum. However, the stock's performance since its IPO remains positive, with a 12.25% increase, suggesting some investor confidence in its long-term potential [2].

Institutional investors currently own 51.72% of KVAC's stock, with notable increases from firms such as Berkley W R Corp and Westchester Capital Management. The recent decline in short interest, from 2,600 shares to 500 shares, indicates a reduced bearish sentiment among investors [3].

Given KVAC's current financial metrics and market performance, the future trajectory of the stock remains uncertain. Investors should closely monitor KVAC's developments and market conditions to assess its long-term viability.

References:
[1] https://www.investing.com/news/sec-filings/keen-vision-acquisition-corp-issues-144670-promissory-note-to-sponsor-93CH-4207789
[2] https://www.gurufocus.com/news/3070183/mizuho-financial-group-inc-acquires-shares-in-keen-vision-acquisition-corp
[3] https://www.marketbeat.com/instant-alerts/keen-vision-acquisition-corporation-nasdaqkvac-short-interest-update-2025-08-15/