Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 189

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 189
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 - FAIR VALUE MEASUREMENTS

The
fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would
have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction
between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company
seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable
inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is
used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and
liabilities:

    Level
    1:
     
    Quoted
    prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions
    for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

    Level
    2:
     
    Observable
    inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities
    and quoted prices for identical assets or liabilities in markets that are not active.

    Level
    3:
     
    Unobservable
    inputs based on assessment of the assumptions that market participants would use in pricing the asset or liability.

At
December 31, 2024, assets held in the Trust Account were comprised of $22,206,637 held in an interest-bearing bank demand deposit account. Through December 31, 2024, the Company has withdrawn $49,900,380 on the Trust Account in connection with
redemption.

At
December 31, 2023, assets held in the Trust Account were comprised of $69,402,338 in money market funds which are invested primarily
in U.S. Treasury Securities. Through December 31, 2024, the Company has withdrawn $167,831,206 on the Trust Account in connection with
redemption.

The
following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December
31, 2024 and 2023 indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 SCHEDULE OF FAIR VALUE HIERARCHY VALUATION 

    Description