Keen Vision Acquisition Corporation (NASDAQ: KVACU), a blank check company incorporated as a British Virgin Islands exempted company for the purpose of effecting a merger, has closed on its initial public offering. The offering was comprised of 14,950,000 units at $10 per unit along with 1,950,000 units pursuant to the full exercise of the overallotment option by the underwriters. The public offering resulted in $149,500,000 for the company. According to the announcements, the units are listed on NASDAQ and began trading on July 25, 2023, under the ticker symbol KVACU; after 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 and Brookline Capital Markets, a division of Arcadia Securities LLC, acted as joint book-running managers for the offering.
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About Keen Vision Acquisition Corporation
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. For more information about the company, please visit www.KV-AC.com
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