Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 65

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 65
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 a lower amendment threshold than that of some other blank check companies.
It may be easier for us, therefore, to amend our Articles and the IMTA to facilitate the completion of an initial Business Combination
that some of our shareholders may not support.

Some
other blank check companies have a provision in their charter which prohibits the amendment of certain of its provisions, including those
which relate to a company’s pre-initial business combination activity, without approval by a certain percentage of the company’s
shareholders. In those companies, amendment of these provisions requires approval by between 90% and 100% of the company’s public
shareholders. Our Articles provides that any of its provisions, including those related to pre-initial Business Combination activity
(including the requirement to deposit proceeds of the IPO and the Private Placement Warrants into the Trust Account and not release such
amounts except in specified circumstances, and to provide redemption rights to Public Shareholders as described herein and in our Articles
or an amendment to permit us to withdraw funds from the Trust Account such that the per share amount investors will receive upon any
redemption or liquidation is substantially reduced or eliminated), but excluding the provision of the memorandum and articles of association
relating to the appointment of directors, may be amended if approved by holders of at least two-thirds of our ordinary shares who attend
and vote in a general meeting, and corresponding provisions of the IMTA governing the release of funds from our Trust Account may be
amended if approved by holders of 65% of our ordinary shares. As of the date of this Annual Report, our Initial Shareholders collectively
beneficially own approximately 75% of our ordinary shares, and will participate in any such vote. Accordingly, our Initial Shareholders
can approve the amendment of our Articles and our IMTA without the vote of any holders of Public Shares. As a result, we may be able
to amend the provisions of our Articles which govern our pre-initial Business Combination behavior more easily than some other blank
check companies, and this may increase our ability to complete a Business Combination with which you do not agree.

We
may be unable to obtain additional financing to complete our initial Business Combination or to fund the operations and growth of a target
business, which could compel us to restructure or abandon a particular Business Combination.

Although
we believe that the net proceeds of the IPO and the sale of the Private Placement Warrants will be sufficient to allow us to complete
our initial Business Combination, because we have not yet identified any prospective