Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 240

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 240
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 exemption
is not available. In no event will we be required to net cash settle any warrant, or issue securities or other compensation in exchange
for the warrants in the event that we are unable to register or qualify the shares underlying the warrants under applicable state securities
laws and no exemption is available. If the issuance of the shares upon exercise of the warrants is not so registered or qualified or
exempt from registration or qualification, the holder of such warrant shall not be entitled to exercise such warrant and such warrant
may have no value and expire worthless. In such event, holders who acquired their Public Warrants as part of a purchase of Units will
have paid the full Unit purchase price solely for the Class A ordinary shares included in the Units. If and when the Public Warrants
become redeemable by us, we may not exercise our redemption right if the issuance of shares upon exercise of the warrants is not exempt
from registration or qualification under applicable state blue sky laws or we are unable to effect such registration or qualification.
We will use our best efforts to register or qualify such shares under the blue sky laws of the state of residence in those states in
which the warrants were offered by us in the IPO.

The
grant of registration rights to our Initial Shareholders and holders of our Private Placement Warrants may make it more difficult to
complete our initial Business Combination, and the future exercise of such rights may adversely affect the market price of our Class
A ordinary shares.

Our
Initial Shareholders and their permitted transferees can demand that we register their Founder Shares, after those shares convert to
our Class A ordinary shares at the time of our initial Business Combination. In addition, holders of our Private Placement Warrants and
their permitted transferees can demand that we register the Private Placement Warrants and the Class A ordinary shares issuable upon
exercise of the Private Placement Warrants, and holders of warrants that may be issued upon conversion of working capital loans, may
demand that we register such warrants or the Class A ordinary shares issuable upon exercise of such warrants. We will bear the cost of
registering these securities. The registration and availability of such a significant number of securities for trading in the public
market may have an adverse effect on the market price of our Class A ordinary shares. In addition, the existence of the registration
rights may make our initial Business Combination more costly or difficult to conclude. This is because the shareholders of the target
business may increase the equity stake they seek in the combined entity or ask