Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 1362

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 1362
---
 basic net income per ordinary
share for the periods presented.

    F-14

The
following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

 SCHEDULE OF NET LOSS PER COMMON SHARE 

     Class A  
     Class B  
     Class A  
     Class B 

    For the Year Ended December 31, 

    2024  
    2023 

     Class
                                                                                                 A redeemable  
     Class
                                            A and Class B non-redeemable  
     Class
                                            A redeemable  
     Class
                                            A and Class B non-redeemable 
  
    Basic and diluted net income per ordinary share 

    Numerator: 

    Allocation of net income, as adjusted 
    $969,121  
    $1,434,008  
    $3,339,582  
    $1,431,889 
  
    Denominator: 

    Basic and diluted weighted average shares outstanding 
     3,718,651  
     5,502,490  
     12,833,415  
     5,502,490 
  
    Basic and diluted net income per ordinary share 
    $0.26  
    $0.26  
    $0.26  
    $0.26 

Concentration
of Credit Risk

Financial
instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution,
which, at times, may exceed the Federal Deposit Insurance Corporation coverage limit of $250,000. Any loss incurred or a lack
of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and
cash flows.

Fair
Value of Financial Instruments

The
fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value
Measurement,” approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their
short-term nature.

Convertible
Promissory Notes

The
Company has elected the bifurcation option to account for the proceeds received during 2023 and 2024 from the convertible promissory
notes to the Sponsor and related party. These promissory notes are presented in the balance sheets as Convertible promissory notes - sponsor