Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 199

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 199
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 remaining shareholders and our Board of Directors, liquidate and dissolve,
subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable
law. In such case, our Public Shareholders may, based on estimates as of December 31, 2024, receive approximately $11.89 per share. There
will be no redemption rights or 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
herein.

Our
current life term is on a month-to-month basis and our existence is subject to our Board of Directors’ sole discretion, as well
as contingent on the deposit of monthly New Contributions into the Trust Account. If the Board of Directors elects not to extend the
Combination Period, or the Sponsor fails to deposit the New Contribution, we would cease all operations except for the purpose of winding
up and we would redeem our Public Shares and liquidate.

At
the June 2024 Meeting, the Company’s shareholders approved an amendment to the Articles to extend the date by which the Company
has to consummate an initial Business Combination from June 3, 2024 for an initial two month period to August 3, 2024 and to permit the
Company, without another shareholder vote, by resolution of the board of directors, to elect to further extend such date up to nineteen
(19) additional times for an additional one (1) month each time, up to March 3, 2026, provided that the Sponsor or its designees deposit
a New Contribution of (i) $56,022 for the initial two-month period and (ii) $28,011 per month thereafter into the Trust Account.

Such
monthly extensions of the Combination Period are therefore subject to the discretion of the Board of Directors and subject to our Sponsor
depositing into the Trust Account the New Contribution. The Sponsor is not obligated to do so and may choose at any time not to. In either
event, the Company would cease all operations except for the purpose of winding up and