Fri, Mar 7, 11:06 AM (45 days ago)
**Keen Vision Acquisition Corporation (KVAC)** reported a significant financial performance for the year ending December 31, 2024, with a net income of **$7,409** (000s), up from **$1,455** (000s) in 2023. The company generated **$8,870** (000s) in dividend income from its Trust Account, offset by operating expenses of **$1,461** (000s). The total assets as of December 31, 2024, were **$70,437** (000s), primarily consisting of **$70,373** (000s) in cash and investments held in the Trust Account. KVAC's strategic focus remains on completing a business combination, specifically targeting companies in biotechnology, consumer goods, or agriculture. The company has entered a merger agreement with **Medera Inc.**, valuing the transaction at **$622,560** (000s) and intends to utilize its IPO proceeds for this purpose. Risks include the potential inability to complete the business combination by the extended deadline of **March 27, 2025**, which could lead to liquidation. As of the report date, **4,416,075** shares were outstanding, with **6,404,652** shares subject to possible redemption. The company is currently classified as an emerging growth company, providing it with certain regulatory advantages.