Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 66

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 66
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 target business we cannot ascertain the capital
requirements for any particular transaction. If the net proceeds of the IPO and the sale of the Private Placement Warrants prove to be
insufficient, either because of the size of our initial Business Combination, the obligation to redeem for cash a significant number
of shares from shareholders who elect redemption in connection with our initial Business Combination or the terms of negotiated transactions
to purchase shares in connection with our initial Business Combination, we may be required to seek additional financing or to abandon
the proposed Business Combination. We cannot assure you that such financing will be available on acceptable terms, if at all. To the
extent that additional financing proves to be unavailable when needed to complete our initial Business Combination, we would be compelled
to either restructure the transaction or abandon that particular Business Combination and seek an alternative target business candidate.
In addition, even if we do not need additional financing to complete our initial Business Combination, we may require such financing
to fund the operations or growth of the target business. The failure to secure additional financing could have a material adverse effect
on the continued development or growth of the target business. None of our officers, directors or shareholders is required to provide
any financing to us in connection with or after our initial 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 on the liquidation of
our Trust Account. There will be no liquidating distributions with respect to our warrants. In certain circumstances, our Public Shareholders
may receive 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
below.

Resources
could be wasted in researching acquisitions that are not completed, which could materially adversely affect subsequent attempts to locate
and acquire or merge with another business. 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 than such amount in certain circumstances,
on the liquidation of our Trust Account and there will be no liquidating distributions with