Keen Vision Acquisition Corp.

Keen Vision Acquisition Corp. (KVAC) reported a significant decline in its Trust Account balance to $13.15 million as of March 31, 2026, down from $57.00 million at December 31, 2025, primarily due to substantial share redemptions totaling $44.29 million in January 2026. The company also disclosed a working capital deficit of $4.37 million and issued a going concern warning, highlighting its need to complete a business combination by July 27, 2026, or face liquidation. A new binding letter of intent was signed with Medera and Novoheart Group Limited in February 2026, replacing a prior merger agreement.

Keen Vision Acquisition Corp. (KVAC) issued an unsecured promissory note for $120,000 to its sponsor, KVC Sponsor LLC, on April 21, 2026. The funds were deposited into the company's trust account to extend the period available to complete a business combination. As a result, the business combination deadline has been extended to July 27, 2026. The note is non-interest bearing, matures upon a business combination, and is convertible into company units at $10.00 per unit.

Keen Vision Acquisition Corporation (KVAC) announced an amendment to its binding letter of intent (LOI) with Medera Inc. and Novoheart Group Limited. The amendment extends the deadline for negotiating and executing a Replacement Merger Agreement from April 10, 2026, to April 30, 2026. This LOI previously replaced a Merger Agreement dated September 3, 2024, which was terminated concurrently with the LOI's execution.