Company: VMCWF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010983
Chunk: 23

Company: Valuence Merger Corp. I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 23
---
 most likely
outcome, in which case, both classes of ordinary shares share pro rata in the loss of the Company. Accretion associated with the redeemable
Class A ordinary shares is excluded from earnings per share as the redemption value approximates fair value.

The
calculation of diluted income per ordinary share does not consider the effect of the warrants issued in connection with the (i) Initial
Public Offering, and (ii) the private placement, since the exercise of the warrants is contingent upon the occurrence of future events.
The warrants are exercisable to purchase 17,939,643 Class A ordinary shares in the aggregate. As of March 31, 2025 and 2024, the Company
did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares and then
share in the earnings of the Company. As a result, diluted net income per ordinary share is the same as basic net income per ordinary
share for the periods presented.

The
following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

 SCHEDULE OF NET LOSS PER COMMON SHARE

    Class A redeemable  
    Class A and Class B non-redeemable  
    Class A redeemable  
    Class A and Class B non-redeemable 

    For the Three Months Ended March 31, 

    2025  
    2024 

    Class A redeemable  
    Class A and Class B non-redeemable  
    Class A redeemable  
    Class A and Class B non-redeemable 
  
    Basic and diluted net income per ordinary share 

    Numerator: 

    Allocation of net income, as adjusted 
    $6,328  
    $18,648  
    $312,137  
    $276,544 
  
    Denominator: 

    Basic and diluted weighted average shares outstanding 
     1,867,402  
     5,502,490  
     6,210,718  
     5,502,490 
  
    Basic and diluted net income per ordinary share 
    $0.00  
    $0.00  
    $0.05  
    $0.05 

    11

VALUENCE
MERGER CORP. I

NOTES
TO UNAUDITED CONDENSED