Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 232

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 232
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 or a prospective target business with which we have entered into a letter of intent, confidentiality, or other similar
    agreement for a Business Combination, reduce the amount of funds in the Trust Account to below (i) $10.00 per Public Share or (ii)
    such lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, due to reductions
    in value of the trust assets, in each case net of the amount of interest which may be withdrawn to pay taxes. This liability will
    not apply with respect to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account
    and will not apply as to any claims under our indemnity of the underwriters of the IPO against certain liabilities, including liabilities
    under the Securities Act.

Accordingly,
if we do not consummate a Business Combination, the Sponsor may lose its entire investment in us, and the potential loss of this investment
could incentivize the Sponsor and its affiliates to pursue a Business Combination on unfavorable terms in order to avoid a liquidation
and a loss of its investment. In addition, the personal and financial interests of our executive officers and directors may influence
their motivation in identifying and selecting a target business combination, completing an initial business combination and influencing
the operation of the business following the initial business combination. This risk may become more acute as the Combination Period nears
March 3, 2026, which is the deadline for our completion of an initial Business Combination.

Certain
of our officers and directors will allocate their time to other businesses thereby causing conflicts of interest in their determination
as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to complete our initial
Business Combination.

Our
officers and directors are not required to commit their full time to our affairs, which may result in a conflict of interest in allocating
their time between our operations and our search for a Business Combination and their other businesses. We do not intend to have any
full-time employees prior to the completion of our initial Business Combination. Our officers are not obligated to contribute any specific
number of hours per week to our affairs, and certain of our officers are engaged in other business endeavors for which they may be entitled
to substantial compensation. Our independent directors also serve as officers and board members for other entities. If our officers’
and directors’ other business affairs require them to devote substantial amounts of time