Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 20

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 20
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being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes Oxley Act. Additionally, emerging growth
companies are not required to comply with new or revised financial accounting standards until private companies are required to comply.
This may make comparability of our financial statements with other public companies impossible. We will remain an emerging growth company
until the earlier of (1) the last day of the fiscal year (a) following the fifth anniversary of the completion of the IPO, (b) in which
we have total annual gross revenue of at least $1.07 billion, or (c) in which we are deemed to be a large accelerated filer, which means
the market value of our ordinary shares that is held by non-affiliates exceeds $700 million as of the prior June 30, and (2) the date
on which we have issued more than $1.0 billion in non-convertible debt securities during the prior three-year period.

Additionally,
we are a “smaller reporting company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take
advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements.
We will remain a smaller reporting company until the last day of the fiscal year in which (1) the market value of our ordinary shares
held by non-affiliates exceeds $250 million as of the prior June 30, or (2) our annual revenues exceeded $100 million during such completed
fiscal year and no public float or the market value of our ordinary shares held by non-affiliates exceeds $700 million as of the prior
June 30.

Financial
Position

As
of December 31, 2024, we had funds available for a Business Combination in the amount of $22,206,637, following the redemptions in connection
with the extension of the date by which the Company must consummate a Business Combination, 5 months of Contributions and 4 months of
New Contributions, and before payment of $8,105,480 of deferred underwriting fees and other fees and expenses associated with our initial
Business Combination. Accordingly, we may be able to complete our initial Business Combination using our cash, or we may use our debt
or equity securities, or a combination of the foregoing. We have the flexibility to use the most efficient combination that will allow
us to tailor the consideration to be paid to