05:35 PM EST, 12/26/2024 (MT Newswires) -- Keen Vision Acquisition ( KVAC ) said Thursday it extended the business combination deadline to Jan. 27 after putting in a deposit.

Additionally, it issued a $200,000 unsecured promissory note to the KVC Sponsor in exchange for the amount KVC deposited to extend the company's business combination deadline.

The promissory note can be converted into units identical to those issued in the IPO, according to Keen Vision.