Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 39

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 39
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We
may not hold a shareholder vote to approve our initial Business Combination unless the Business Combination would require shareholder
approval under applicable Cayman Islands law or if we decide to hold a shareholder vote for business or other reasons.
Examples of transactions that would not ordinarily require shareholder approval under Cayman Islands law include asset acquisitions and
capital stock or share purchases, while transactions such as direct mergers with our Company would require shareholder approval. Therefore,
we may need to seek shareholder approval of the Business Combination depending on how we structure such transaction. Except as required
by applicable law, the decision as to whether we will seek shareholder approval of a proposed Business Combination or will allow shareholders
to sell their shares to us in a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors,
such as the timing of the transaction and whether the terms of the transaction would otherwise require us to seek shareholder approval.
Accordingly, we may consummate our initial Business Combination even if holders of a majority of the issued and outstanding ordinary shares
do not approve of the Business Combination we consummate.

Although
we have identified general criteria and guidelines that we believe are important in evaluating prospective target businesses, we may
enter into our initial Business Combination with a target that does not meet such criteria and guidelines, and as a result, the target
business with which we enter into our initial Business Combination may not have attributes entirely consistent with our general criteria
and guidelines.

Although
we have identified general criteria and guidelines for evaluating prospective target businesses, it is possible that a target business
with which we enter into our initial Business Combination will not have all of these positive attributes. If we complete our initial
Business Combination with a target that does not meet some or all of these guidelines, such combination may not be as successful as a
combination with a business that does meet all of our general criteria and guidelines. In addition, if we announce a prospective Business
Combination with a target that does not meet our general criteria and guidelines, a greater number of shareholders may exercise their
redemption rights, which may make it difficult for us to meet any closing condition with a target business that requires us to have a
certain amount of cash. If we are unable to complete our initial Business Combination, our Public Shareholders may, based on estimates
as of December 31, 2024, receive approximately $11.89 per share, which is based on estimates as of December 31, 2024, on the liquidation