Keen Vision Acquisition Corporation Announces Closing of $149,500,000 Initial Public Offering and Full Exercise of Over-Allotment Option
- Keen Vision Acquisition Corporation has successfully closed its initial public offering of 14,950,000 units at $10.00 per unit, raising $149,500,000. The underwriters exercised the over-allotment option, resulting in an additional 1,950,000 units. The units are listed on Nasdaq under the ticker symbol 'KVACU'. The ordinary shares and warrants are expected to be listed on Nasdaq under the symbols 'KVAC' and 'KVACW', respectively.
- None.
SUMMIT, N.J., July 27, 2023 /PRNewswire/ -- Keen Vision Acquisition Corporation (the "Company") announced today the closing of its initial public offering of 14,950,000 units at
EF Hutton, division of Benchmark Investments, LLC ("EF Hutton") and Brookline Capital Markets, a division of Arcadia Securities, LLC acted as joint book-running managers for the offering.
The Company is a blank check company incorporated as a
The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from EF Hutton, Attn: Syndicate Department, 590 Madison Ave., 39th Floor,
A registration statement on Form S-1 (File No. 333-269659) relating to these securities was filed with and declared effective by the Securities and Exchange Commission ("SEC") on July 24, 2023. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering, the anticipated use of the net proceeds thereof and the Company's search for an initial business combination. No assurance can be given that the net proceeds of the initial public offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Mr. Alex Davidkhanian
Chief Financial Officer
Keen Vision Acquisition Corporation
Email: alex.davidkhanian@kv-ac.com
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SOURCE Keen Vision Acquisition Corporation
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