Company: VMCWF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010983
Chunk: 3

Company: Valuence Merger Corp. I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
icit  
    Deficit 

    Class B Ordinary Shares  
    Additional Paid-in  
    Accumulated  
    Total Shareholders’ 

    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balance — January 1, 2024  
     5,502,490  
    $550  
    $—  
    $(11,894,322) 
    $(11,893,772)
  
    Balance  
     5,502,490  
    $550  
    $—  
    $(11,894,322) 
    $(11,893,772)

    Accretion of Class A ordinary shares subject to possible redemption 
     —  
     —  
     —  
     (1,266,149) 
     (1,266,149)

    Net income 
     —  
     —  
     —  
     588,681  
     588,681 

    Balance – March 31, 2024  
     5,502,490  
    $550  
    $—  
    $(12,571,790) 
    $(12,571,240)
  
    Balance 
     5,502,490  
    $550  
    $—  
    $(12,571,790) 
    $(12,571,240)

The
accompanying notes are an integral part of these unaudited condensed financial statements.

3

VALUENCE
MERGER CORP. I

UNAUDITED
CONDENSED STATEMENTS OF CASH FLOWS

    2025  
    2024 

    For the Three Months Ended March 31, 

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net income 
    $24,976  
    $588,681 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Interest earned on cash and investments held in trust account 
     (181,347) 
     (846,150)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     48,474  
     (55,722)
  
    Accrued expenses and accounts payable 
     (