Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 191

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 191
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complete a business combination or similar transaction within the business combination period. The CODM also reviews general and administrative
costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General
and administrative expenses, as reported on the statements of operations, are the significant segment expenses provided to the CODM on a
regular basis.

All
other segment items included in net income are reported on the statements of operations and described within their respective disclosures.

NOTE
10 — SUBSEQUENT EVENTS

The
Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements
were issued. Based upon this review, except as described below, the Company did not identify any subsequent events that would have required
adjustment or disclosure in the financial statements.

On
February 1, 2025, the Board of Directors of the Company approved an extension of the date by which the Company has to consummate an
initial business combination by an additional month, from February 3, 2025 to March 3, 2025, the seventh of 19 potential one-month
extensions available to the Company. In connection with such extension, the Company caused to be deposited an additional $28,011
into the Company’s Trust Account.

On
March 3, 2025, the Board of Directors of the Company approved an extension of the date by which the Company has to consummate an
initial business combination by an additional month, from March 3, 2025 to April 3, 2025, the eighth of 19 potential one-month
extensions available to the Company. In connection with such extension, the Company caused to be deposited an additional $28,011
into the Company’s Trust Account. As previously disclosed, the Company’s Amended and Restated Memorandum and Articles of
Association, as amended, provides the Company the right to extend such date, monthly, to up to March 3, 2026, by resolution of the
Board of Directors.

Subsequent to December 31, 2024, related parties advanced further $135,000
to the Company. These advances are non-interest bearing and without fixed repayment terms.

F-22