Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 63

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 63
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because a target company with which we seek to complete our initial Business Combination may not be in compliance with the provisions
of the Sarbanes-Oxley Act regarding adequacy of its internal controls. The development of the internal controls of any such entity to
achieve compliance with the Sarbanes-Oxley Act may increase the time and costs necessary to complete any such acquisition.

33

We
do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete
a Business Combination with which a substantial majority of our shareholders do not agree.

Our
Articles does not provide a specified maximum redemption threshold. As a result, we may be able to complete our initial Business Combination
even though a substantial majority of our Public Shareholders do not agree with the transaction and have redeemed their Public Shares
or, if we seek shareholder approval of our initial Business Combination and do not conduct redemptions in connection with our initial
Business Combination pursuant to the tender offer rules, have entered into privately negotiated agreements to sell their shares to our
Initial Shareholders, directors, officers or advisors, or their respective affiliates. In the event the aggregate cash consideration
we would be required to pay for all ordinary shares that are validly submitted for redemption plus any amount required to satisfy cash
conditions pursuant to the terms of the proposed Business Combination exceed the aggregate amount of cash available to us, we will not
complete the Business Combination or redeem any shares, all ordinary shares submitted for redemption will be returned to the holders
thereof, and we instead may search for an alternate Business Combination.

In
order to effectuate an initial Business Combination, blank check companies have, in the recent past, amended various provisions of their
charters and modified governing instruments. We cannot assure you that we will not seek to further amend our Articles or governing instruments
in a manner that will make it easier for us to complete our initial Business Combination that our shareholders may not support.

In
order to effectuate a business combination, blank check companies have, in the past, amended various provisions of their charters and
modified governing instruments. For example, blank check companies have amended the definition of business combination, increased redemption
thresholds and extended the period of time in which it had to consummate a business combination. We cannot assure you that we will not
seek to further amend our Articles or governing instruments or to further extend the time in which we have to consummate a Business Combination
through amending our Articles, such