Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 213

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 213
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 our return of the funds held in the Trust Account to our Public Shareholders as part of our redemption of the Public Shares.
If we do not invest the proceeds as described above, we may be deemed to be subject to the Investment Company Act.

If
we were deemed to be an investment company for purposes of the Investment Company Act, we would need to register as such under the Investment
Company Act and compliance with these additional regulatory burdens would require additional expenses for which we have not allotted
funds and may hinder our ability to complete a Business Combination. We may also be forced to abandon our efforts to complete an initial
Business Combination and instead be required to liquidate the Trust Account. In which case, our investors would not be able to realize
the benefits of owning shares in a successor operating business, including the potential appreciation in the value of our securities
following such a transaction. For illustrative purposes, in connection with the liquidation of our Trust Account, our Public Shareholders
may receive approximately $11.89 per Public Share, which is based on estimates as of December 31, 2024, or less in certain circumstances.
There will be no liquidating distributions with respect to our warrants.

Because
we are not limited to a particular industry or any specific target businesses with which to pursue our initial Business Combination,
you will be unable to ascertain the merits or risks of any particular target business’s operations.

Although
we expect to focus our search for a suitable initial Business Combination with companies that are either developing breakthrough technology
in life sciences or advancing a platform for sustainable technology, we may pursue acquisition opportunities in any one of numerous industries,
except that we will not, under our Articles, be permitted to effectuate our Business Combination with another blank check company or
similar company with nominal operations. Because we have not yet identified any specific target business with respect to a Business Combination,
there is no basis to evaluate the possible merits or risks of any particular target business’ operations, results of operations,
cash flows, liquidity, financial condition or prospects.

To
the extent we complete our Business Combination, we may be affected by numerous risks inherent in the business operations with which
we combine. For example, if we combine with a financially unstable business or an entity lacking an established record of sales or earnings,
we may be affected by the risks inherent in the business and operations of a financially unstable or an early stage entity. Although
our officers and directors will endeavor to evaluate the risks inherent in a particular target business, we cannot assure you that we