M&A - Keen Vision Acquisition Corp.

Form Type: 10-K

Filing Date: 2025-03-07

Corporate Action: Merger

Type: New

Accession Number: 000121390025021314

Filing Summary: Keen Vision Acquisition Corporation is a blank check company incorporated in the British Virgin Islands. The company aims to complete a business combination through a merger with Medera Inc., with conditions laid out in a Merger Agreement dated September 3, 2024. The merger involves a two-step process consisting of a reincorporation merger and an acquisition merger, resulting in Medera becoming a wholly-owned subsidiary of the newly formed entity. The total estimated value of the merger consideration is $622,560,000, payable in newly issued shares. The company's strategy includes focusing on target businesses within biotech, consumer goods, and agriculture industries while emphasizing sustainability and ESG factors. The document outlines the company's IPO completed on July 27, 2023, which raised $149.5 million, along with a private placement that generated an additional $6.78 million, both aimed at facilitating the business combination. It highlights the management's expertise and commitment to identifying growth-oriented acquisition opportunities and the rigorous selection process utilized to assess potential targets.

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