Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 264

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 264
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 to an initial business combination. The liquidation deadline for the
Company is also within the next twelve months if an initial Business Combination is not consummated. The Company cannot assure that its
plans to consummate an initial Business Combination will be successful.

As a result of the above, in connection
with the Company’s assessment of going concern considerations in accordance with Accounting Standards Update (“ASU”)
2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined
that the liquidity conditions raise substantial doubt about the Company’s ability to continue as a going concern through approximately
one year from the date of filing. These financial statements do not include any adjustments relating to the recovery of the recorded assets
or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

If the Company is unable to consummate
an initial Business Combination by the end of the Combination Period, it will (i) cease all operations except for the purpose of winding
up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the
Trust Account, less taxes payable up to $100,000 of interest to pay dissolution expenses, divided by the number of then outstanding Public
Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive
further liquidation distributions, if any) and (iii) as promptly as reasonably possible following such redemption, subject to the approval
of our remaining shareholders and our Board of Directors, liquidate and dissolve, subject, in each case to our obligations under Cayman
Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law. There will be no
redemption rights or liquidating distributions with respect to our warrants if we fail to complete our initial Business Combination within
the Combination Period.

ITEM
IB. UNRESOLVED STAFF COMMENTS.

None.

ITEM
1C. CYBERSECURITY.

As
a blank check company, we have no operations and therefore do not have any operations of our own that face cybersecurity threats. However,
we do depend on the digital technologies of third parties, and as noted in “Item 1A. Risk Factors” of this Annual
Report, any sophisticated