Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 219

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 219
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 reduced or eliminated), but excluding the provision of the memorandum and articles of association
relating to the appointment of directors, may be amended if approved by holders of at least two-thirds of our ordinary shares who attend
and vote in a general meeting, and corresponding provisions of the IMTA governing the release of funds from our Trust Account may be
amended if approved by holders of 65% of our ordinary shares. As of the date of this Annual Report, our Initial Shareholders collectively
beneficially own approximately 75% of our ordinary shares, and will participate in any such vote. Accordingly, our Initial Shareholders
can approve the amendment of our Articles and our IMTA without the vote of any holders of Public Shares. As a result, we may be able
to amend the provisions of our Articles which govern our pre-initial Business Combination behavior more easily than some other blank
check companies, and this may increase our ability to complete a Business Combination with which you do not agree.

We
may be unable to obtain additional financing to complete our initial Business Combination or to fund the operations and growth of a target
business, which could compel us to restructure or abandon a particular Business Combination.

Although
we believe that the net proceeds of the IPO and the sale of the Private Placement Warrants will be sufficient to allow us to complete
our initial Business Combination, because we have not yet identified any prospective 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