Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 660

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 660
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 totaled $1,008,384
and $198,384,
respectively. Amounts advanced by the Sponsor to the Company are without fixed terms and payable on demand.

NOTE
6 - COMMITMENTS AND CONTINGENCIES

Risks
and Uncertainties

Management
continues to evaluate the impact of ongoing geopolitical instability events, including the Russia-Ukraine conflict and the Israel-Hamas
conflict. As a result of the Russia-Ukraine conflict, various nations, including the United States, have instituted economic sanctions
against the Russian Federation and Belarus. Further, the impact of the Russia-Ukraine conflict, Israel-Hamas conflict and related sanctions
on the world economy is not determinable as of the date of these financial statements and the specific impact on the Company’s
financial condition, results of operations, and cash flows is also not determinable as of the date of these financial statements.

Registration
Rights

Pursuant
to a registration rights agreement entered into on February 28, 2022, the holders of the Founder Shares, Private Placement Warrants and
any warrants that may be issued upon conversion of Working Capital Loans (and any Class A ordinary shares issuable upon the exercise
of the Private Placement Warrants and warrants that may be issued upon conversion of the Working Capital Loans) will be entitled to registration
rights. The holders of these securities will be entitled to make up to three demands, excluding short form demands, that the Company
register such securities. In addition, the holders have certain “piggyback” registration rights with respect to registration
statements filed subsequent to the completion of a Business Combination. The registration rights agreement does not contain liquidating
damages or other cash settlement provisions resulting from delays in registering the Company’s securities. The Company will bear
the expenses incurred in connection with the filing of any such registration statements.

Underwriting
Agreement

The
Company granted the underwriters a 45-day option to purchase up to 3,000,000 additional Units to cover over-allotments at the Initial
Public Offering price, less the underwriting discounts and commissions. As a result of the underwriters’ election on March 8, 2022,
to purchase an additional 2,009,963 Units upon the partial exercise of the over-allotment option, a total 990,037 Units remained available
for purchase at a price of $10.00 per Public Share. As of April 14, 2022, the remaining overallotment option fully expired.

The