Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 1632

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 15
Chunk 1632
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 Observable
    inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities
    and quoted prices for identical assets or liabilities in markets that are not active.

    Level
    3:
     
    Unobservable
    inputs based on assessment of the assumptions that market participants would use in pricing the asset or liability.

At
December 31, 2024, assets held in the Trust Account were comprised of $22,206,637 held in an interest-bearing bank demand deposit account. Through December 31, 2024, the Company has withdrawn $49,900,380 on the Trust Account in connection with
redemption.

At
December 31, 2023, assets held in the Trust Account were comprised of $69,402,338 in money market funds which are invested primarily
in U.S. Treasury Securities. Through December 31, 2024, the Company has withdrawn $167,831,206 on the Trust Account in connection with
redemption.

The
following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December
31, 2024 and 2023 indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 SCHEDULE OF FAIR VALUE HIERARCHY VALUATION 

    Description 
    Level  
    December 31, 2024  
    December 31, 2023 
  
    Assets: 

    Investments and cash held in Trust Account – U.S. Treasury Securities Money Market
    Fund 
     1  
    $—  
    $69,402,338 

NOTE
9 — SEGMENT INFORMATION 

ASC
Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about
operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise
that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information
is available that is regularly evaluated by the Company’s CODM, or group, in deciding how to allocate
resources and assess performance.

The
Company’s CODM has been identified as the Chief Financial Officer who reviews the
assets, operating results, and financial metrics for the Company as a whole to make decisions about allocating resources and assessing
financial performance. Accordingly, management has determined that there is only one report