Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 874

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 874
---
mation of the Business Combination, including interest
(which interest shall be net of taxes payable), divided by the number of then issued and outstanding Public Shares. The per-share amount
to be distributed to the Public Shareholders who properly redeem their shares will not be reduced by the deferred underwriting commissions
the Company will pay to the underwriters (as discussed in Note 6). There will be no redemption rights upon the completion of a Business
Combination with respect to the Company’s warrants.

If
a shareholder vote is not required in connection with a Business Combination and the Company does not decide to hold a shareholder vote
for business or other legal reasons, the Company will, pursuant to the Company’s amended and restated memorandum and articles of
association, as amended (the “Articles”), conduct the redemptions pursuant to the tender offer rules of the Securities and
Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information as would be included
in a proxy statement with the SEC prior to completing a Business Combination. If the Company seeks shareholder approval in connection
with a Business Combination, the holders of the Company’s shares prior to the Initial Public Offering (the “Initial Shareholders”)
have agreed to vote their Founder Shares and any Public Shares purchased during or after the Initial Public Offering in favor of approving
a Business Combination. Additionally, each Public Shareholder may elect to redeem their Public Shares, without voting, and if they do
vote, irrespective of whether they vote for or against a proposed Business Combination.

Notwithstanding
the foregoing, if the Company seeks shareholder approval of the Business Combination and the Company does not conduct redemptions pursuant
to the tender offer rules, a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder
is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the Public
Shares without the Company’s prior written consent.

The
Initial Shareholders have each agreed (a) to waive its redemption rights with respect to any Founder Shares and Public Shares held by
it in connection with the completion of a Business Combination and (b) not to propose an amendment to the Articles (i) to modify the
substance or timing of the Company’s obligation to allow redemption in connection with the Company’s Business Combination
or to