Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 244

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 244
---
 reduced and the per-share redemption amount received by shareholders may be less
than $11.89 per share, which is the estimated per share amount held in our Trust Account as of December 31, 2024” and other
risk factors herein. This feature is different from some other special purpose acquisition companies, in which any extension of the company’s
period to consummate an initial business combination would require a vote of the company’s shareholders and in connection with
such vote shareholders would have the right to redeem their Public Shares.

47

A
provision of our warrant agreement may make it more difficult for us to consummate an initial Business Combination.

If:

    (i)
    we
    issue additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing
    of our initial Business Combination at a Newly Issued Price of less than $9.20 per share;

    (ii)
    the
    aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available
    for the funding of our initial Business Combination on the date of the consummation of our initial Business Combination (net of redemptions),
    and

    (iii)
    the
    Market Value is below $9.20 per share,

then
the exercise price of the Public Warrants will be adjusted to be equal to 115% of the higher of the Market Value and the Newly Issued
Price, and the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the higher of
the Market Value and the Newly Issued Price. This may make it more difficult for us to consummate an initial Business Combination with
a target business.

Our
warrant agreement designates the courts of the State of New York or the United States District Court for the Southern District of New
York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of our warrants, which
could limit the ability of warrant holders to obtain a favorable judicial forum for disputes with our Company.

Our
warrant agreement provides that, subject to applicable law, (i) any action, proceeding or claim against us arising out of or relating
in any way to the warrant agreement, including under the Securities Act, will be brought and enforced in the courts of the State of New
York or the United States District Court for the Southern District of New York