Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 1188

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 1188
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 initial Business Combination.

Accordingly,
it is likely that prior to the consummation of an initial Business Combination, the compensation committee will only be responsible for
the review and recommendation of any compensation arrangements to be entered into in connection with such initial Business Combination.

The
charter also provides that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant,
independent legal counsel or other adviser and will be directly responsible for the appointment, compensation and oversight of the work
of any such adviser. However, before engaging or receiving advice from a compensation consultant, external legal counsel or any other
adviser, the compensation committee will consider the independence of each such adviser, including the factors required by Nasdaq and
the SEC.

Code
of Ethics

We
have adopted a code of ethics applicable to our directors, officers and employees (“Code of Ethics”). A copy of the Code
of Ethics is posted on our Internet website at https://www.valuencecap.com.
Our website and the information contained on, or that can be accessed through, the website are not deemed to be incorporated by reference
in, and are not considered part of, this Annual Report.We intend to disclose any amendments to or waivers of certain provisions of our
Code of Ethics in a Current Report on Form 8-K.

Insider
Trading Policy 

We
have adopted insider trading policies and procedures governing the purchase, sale, and other dispositions of the Company’s securities
by directors, officers and employees that we believe are reasonably designed to promote compliance with insider
trading laws, rules and regulations (the “Insider Trading Policy”). A copy of our Insider Trading Policy is attached as Exhibit
19.1 to this Annual Report.

68

ITEM
11. EXECUTIVE COMPENSATION.

None
of our officers or directors have received any cash compensation for services rendered to us. We may elect to make payment of customary
fees to members of our Board of Directors for director service. In addition, our Sponsor, officers and directors, or any of their respective
affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying
potential target businesses and performing due diligence on suitable Business Combinations. Our audit committee will review on a quarterly
basis all payments that were made to our Sponsor, officers or directors, or our or their affiliates. Any such payments prior to an initial
Business Combination will be made from funds held outside the Trust Account. Other