Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 41

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 41
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to compete with respect to the acquisition of certain target businesses that are sizable will be limited by our available financial resources.
This inherent competitive limitation gives others an advantage in pursuing the acquisition of certain target businesses. Furthermore,
if we are obligated to pay cash for the Class A ordinary shares redeemed and, in the event we seek shareholder approval of our initial
Business Combination, we make purchases of our Class A ordinary shares, the resources available to us for our initial Business Combination
may be reduced. Any of these obligations may place us at a competitive disadvantage in successfully negotiating a Business Combination.
If we are unable to complete our initial Business Combination, our Public Shareholders may, based on estimates as of December 31, 2024,
receive approximately $11.89 per share (or less in certain circumstances) on the liquidation of our Trust Account. There will be no redemption
rights or liquidating distributions with respect to our warrants. In certain circumstances, our Public Shareholders may receive, based
on estimates as of December 31, 2024, less than $11.89 per share on the redemption of their shares. See “- If third parties
bring claims against us, the proceeds held in the Trust Account could be 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.

In
recent years, the number of special purpose acquisition companies (“SPACs”) that have been formed has increased substantially.
Many potential targets for SPACs have already entered into an initial business combination, and there are still many SPACs seeking targets
for their initial business combination, as well as many such companies currently in registration. As a result, at times, fewer attractive
targets may be available, and it may require more time, more effort and more resources to identify a suitable target and to consummate
an initial Business Combination.

In
addition, because there are more SPACs seeking to enter into an initial business combination with available targets, the competition
for available targets with attractive fundamentals or business models may increase, which could cause targets companies to demand improved
financial terms. Attractive deals could also become scarcer for other reasons, such as economic or industry sector downturns, geopolitical
tensions, or increases in the cost of additional capital needed to close business combinations or operate targets post-business combination.
This could increase the cost of, delay