Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 806

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 806
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 issued or revised and it has different application dates for public
or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies
adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which
is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult
or impossible because of the potential differences in accounting standards used.

Use
of Estimates

The
preparation of the financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

Making
estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of
a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating
its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ
significantly from those estimates.

Cash
and Cash Equivalents

As
of December 31, 2024 and 2023, the Company had cash of $61,037 and $684,816, respectively. The Company considers all short-term investments
with an original maturity of three months or less when purchased to be cash equivalents. The Company had no cash equivalents as of December
31, 2024 and 2023.

Cash
and Investments Held in Trust Account

At
December 31, 2024 and 2023, substantially all of the assets held in the Trust Account were held in money market funds, which are
invested primarily in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as
trading securities. Trading securities are presented on the balance sheets at fair value at the end of each reporting period. Gains
and losses resulting from the change in fair value of investments held in Trust Account are included in interest earned on cash and
investments held in Trust Account in the accompanying statements of operations. The estimated fair values of investments held in
Trust Account are determined using available market information.

    F-12

Warrant
Instruments

The
Company accounts for the 17,939,643 warrants issued in connection with the Initial