Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 51

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 51
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 sufficient
to allow us to operate for at least the duration of the Combination Period, we cannot assure you that our estimate is accurate and our
Sponsor, its affiliates or our management team are under no obligation to loan or advance funds to us. The funds available to us outside
of the Trust Account may not be sufficient to allow us to operate for at least the Combination Period, assuming that our initial Business
Combination is not completed during that time. We expect to incur significant costs in pursuit of our acquisition plans. Management’s
plans to address this need for capital through the IPO and potential loans from certain of our affiliates are discussed in the section
of this Annual Report titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
However, our affiliates are not obligated to make loans to us in the future, and we may not be able to raise additional financing from
unaffiliated parties necessary to fund our expenses. Any such event in the future may negatively impact the analysis regarding our ability
to continue as a going concern at such time. See “-We have no operating history and are subject to a mandatory liquidation
and subsequent dissolution requirement if we do not complete our initial Business Combination by the Combination Period. As such, there
is a risk that we will be unable to continue as a going concern if liquidity needs arise or if we do not consummate an initial Business
Combination by the applicable deadline and our independent registered public accounting firm’s report contains an explanatory paragraph
that expresses substantial doubt about our ability to continue as a going concern. If we are unable to effect our initial Business Combination
by the deadline, we will be forced to liquidate.” for additional information regarding our ability to continue as a going concern.

28

We
believe we have access to capital that will be sufficient to allow us to operate for at least the Combination Period; however, we cannot
assure you that our estimate is accurate. Of the funds available to us, we could use a portion of the funds available to us to pay fees
to consultants to assist us with our search for a target business. We could also use a portion of the funds as a down payment or to fund
a “no-shop” provision (a provision in letters of intent designed to keep target businesses from “shopping” around
for transactions with other companies on terms more favorable to such target businesses) with respect to a particular proposed Business
Combination, although we do not have any current intention to do so. If we entered into a