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 $10.00 per unit, including 1,950,000 units
pursuant to the full exercise of the over-allotment option by the
underwriters. The units are listed on Nasdaq and began trading on
July 25, 2023, under the ticker
symbol "KVACU". Each unit consists of one ordinary share and one
redeemable warrant. Each warrant entitles the holder thereof to
purchase one ordinary share at a price of $11.50 per share. Once the securities comprising
the units begin separate trading, the ordinary shares and warrants
are expected to be listed on Nasdaq under the symbols "KVAC" and
"KVACW", respectively.
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
British Virgin Islands exempted
company for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses or entities. The
Company's efforts to identify a prospective target business will
not be limited to a particular industry or geographic region,
although it currently intends to focus on sourcing opportunities
that are in biotechnology, consumer goods or agriculture, evaluated
based on sustainability and environmental, social, and corporate
governance ("ESG") imperatives. The Company is led by Kenneth Wong, Chairman and Chief Executive
Officer, and Alex Davidkhanian,
Chief Financial Officer.
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, New York, New York 10022, by telephone at
(212) 404-7002, by fax at (646) 861-4697, or by email at
syndicate@efhuttongroup.com.
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