Company: VMCWF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010983
Chunk: 37

Company: Valuence Merger Corp. I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 on the observable inputs and unobservable inputs used in order to value the assets and
liabilities:

    Level
    1:
     
    Quoted
    prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions
    for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

    Level
    2:
     
    Observable
    inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities
    and quoted prices for identical assets or liabilities in markets that are not active.

    Level
    3:
     
    Unobservable
    inputs based on assessment of the assumptions that market participants would use in pricing the asset or liability.

At
March 31, 2025, assets held in the Trust Account were comprised of $22,444,007 held in an interest-bearing bank demand deposit account.
Through March 31, 2025, the Company has withdrawn $49,900,380 on the Trust Account in connection with redemptions.

At
December 31, 2024, assets held in the Trust Account were comprised of $22,206,637 held in an interest-bearing bank demand deposit account.
Through December 31, 2024, the Company has withdrawn $49,900,380 on the Trust Account in connection with redemptions.

    16

VALUENCE
MERGER CORP. I

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

NOTE
9 — SEGMENT INFORMATION

ASC
Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about
operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise
that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information
is available that is regularly evaluated by the Company’s CODM, or group, in deciding how to allocate resources and assess performance.

The
Company’s CODM has been identified as the Chief Financial Officer who reviews the assets, operating results, and financial metrics
for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management
has determined that there is only one reportable segment.

The
CODM assesses performance for the single segment