ESG-focused SPAC Keen Vision Acquisition prices $130 million IPO

Keen Vision Acquisition, a blank check company formed by Keen Vision Capital focused on ESG, raised $130 million by offering 13 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.

The SPAC is led by CEO and Chairman Kenneth Wong, the founder and CEO of Keen Vision Capital (BVI), a single-family office specializing in PE investments with minority stakes, and Keen Vision International, a PE investment firm targeting controlling or majority stakes. Keen Vision Acquisition plans to target opportunities in the biotechnology, consumer goods, or agriculture sectors, with a focus on sustainability and ESG imperatives.

Keen Vision Acquisition plans to list on the Nasdaq under the symbol KVACU. EF Hutton and Brookline Capital Markets acted as joint bookrunners on the deal.