Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 93

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 93
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 warrant agreement provides that the terms of the Public Warrants may be amended without the consent of
any holder to cure any ambiguity or correct any defective provision, but requires the approval by the holders of at least 50% of the
then outstanding Public Warrants to make any change that adversely affects the interests of the registered holders of Public Warrants.
Accordingly, we may amend the terms of the Public Warrants in a manner adverse to a holder if holders of at least 50% of the then outstanding
Public Warrants approve of such amendment. Although our ability to amend the terms of the Public Warrants with the consent of at least
50% of the then outstanding Public Warrants is unlimited, examples of such amendments could be amendments to, among other things, increase
the exercise price of the Public Warrants, shorten the exercise period or decrease the number of ordinary shares purchasable upon exercise
of a warrant.

The
Public Warrants may become exercisable and redeemable for a security other than the Class A ordinary shares, and you will not have any
information regarding such other security at this time.

In
certain situations, including if we are not the surviving entity in our initial Business Combination, the Public Warrants may become
exercisable for a security other than the Class A ordinary shares. As a result, if the surviving company redeems your Public Warrants
for securities pursuant to the warrant agreement, you may receive a security in a company of which you do not have information at this
time. Pursuant to the warrant agreement, the surviving company will be required to use commercially reasonable efforts to register the
issuance of the security underlying the Public Warrants within twenty business days of the closing of an initial Business Combination.

To
the extent our warrants ever become exercisable, we may redeem your unexpired Public Warrants prior to their exercise at a time that
is disadvantageous to you, thereby making your Public Warrants worthless.

To
the extent our warrants ever become exercisable, we have the ability to redeem outstanding Public Warrants at any time after they become
exercisable and prior to their expiration, at a price of $0.01 per Public Warrant, provided that the last reported sales price of our
Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share capitalizations, rights issuances,
subdivisions, reorganizations, recapitalizations and the like) for any 20 trading days within a