Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 29

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 29
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 on other
undesirable terms. Absent this provision, a Public Shareholder holding more than an aggregate of 15% of the shares sold in the Initial
Public Offering could threaten to exercise its redemption rights against a Business Combination if such holder’s shares are not
purchased by us, our Sponsor or our management at a premium to the then-current market price or on other undesirable terms. By limiting
our shareholders’ ability to redeem to no more than 15% of the shares sold in the Initial Public Offering, we believe we will limit
the ability of a small group of shareholders to unreasonably attempt to block our ability to complete our initial Business Combination,
particularly in connection with a Business Combination with a target that requires as a closing condition that we have a certain amount
of cash. However, we would not be restricting our shareholders’ ability to vote all of their shares (including all shares held
by those shareholders that hold more than 15% of the shares sold in the Initial Public Offering) for or against our initial Business
Combination.

Manner
of Conducting Redemptions

We
will provide our Public Shareholders with the opportunity to redeem all or a portion of their Class A ordinary shares upon the completion
of our initial Business Combination either (i) in connection with a general meeting called to approve the Business Combination or (ii)
by means of a tender offer. The decision as to whether we will seek shareholder approval of a Business Combination or conduct 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 require us to seek shareholder approval under Cayman Islands law or stock exchange listing
requirement. We intend to conduct redemptions without a shareholder vote
pursuant to the tender offer rules of the SEC unless shareholder approval is required by applicable law or stock exchange listing requirement
or we choose to seek shareholder approval for business or other legal reasons.

If
a shareholder vote is not required and we do not decide to hold a shareholder vote for business or other legal reasons, we will, pursuant
to our Articles:

    ●
    conduct
    the redemptions pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender offers; and

    ●
    file
    tender offer documents with the SEC prior to completing our initial Business Combination which contain substantially the same financial
    and other information