Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 35

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 35
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 Trust Account
to below (i) $10.00 per Public Share or (ii) such lesser amount per Public Share held in the Trust Account as of the date of the liquidation
of the Trust Account, due to reductions in value of the trust assets, in each case net of the amount of interest which may be withdrawn
to pay taxes. This liability will not apply with respect to any claims by a third party who executed a waiver of any and all rights to
seek access to the Trust Account and will not apply as to any claims under our indemnity of the underwriters of the IPO against certain
liabilities, including liabilities under the Securities Act. Because we are a blank check company, rather than an operating company,
and our operations will be limited to searching for prospective target businesses to acquire, the only third parties we currently expect
to engage would be vendors such as lawyers, investment bankers, computer or information and technical services providers or prospective
target businesses. In the event that an executed waiver is deemed to be unenforceable against a third party, then our Sponsor will not
be responsible to the extent of any liability for such third-party claims. We have not independently verified whether our Sponsor has
sufficient funds to satisfy its indemnity obligations and believe that our Sponsor’s only assets are securities of our Company.
None of our directors or officers, nor any of the shareholders, members or managers of the Sponsor, will indemnify us for claims by third
parties including, without limitation, claims by vendors and prospective target businesses.

20

In
the event that the proceeds in the Trust Account are reduced below (i) $10.00 per Public Share or (ii) such lesser amount per Public
Share held in the Trust Account as of the date of the liquidation of the Trust Account, due to reductions in value of the trust assets,
in each case net of the amount of interest which may be withdrawn to pay taxes, and our Sponsor asserts that it is unable to satisfy
its indemnification obligations or that it has no indemnification obligations related to a particular claim, our independent directors
would determine whether to take legal action against our Sponsor to enforce its indemnification obligations. While we currently expect
that our independent directors would take legal action on our behalf against our Sponsor to enforce its indemnification obligations to
us, it is possible that our independent directors in exercising their business judgment may choose not to do so in any particular instance.
Accordingly, we cannot assure you that due to claims of creditors the