Company: VMCWF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023515
Chunk: 25

Company: Valuence Merger Corp. I
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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5, the balance in the Company’s Trust Account was approximately $22.9 million.]

    11

VALUENCE
MERGER CORP. I

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

The
Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable Class A ordinary
shares to equal the redemption value at the end of each reporting period. This method would view the end of the reporting period as if
it were also the redemption date for the security. Increases or decreases in the carrying amount of redeemable Class A ordinary shares
are affected by charges against additional paid-in capital and accumulated deficit.

At
September 30, 2025 and December 31, 2024, the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the
following table:

 SCHEDULE OF ORDINARY CLASS OF SHARES

    Class A ordinary shares subject to possible redemption, at redemption value, December 31, 2023 
    $69,262,338 
  
    Less: 

    Redemption of shares 
     (49,900,380)
  
    Plus: 

    Accretion of Class A ordinary shares subject to possible redemption 
     2,844,679 
  
    Class A ordinary shares subject to possible redemption, at redemption value, December 31, 2024 
    $22,206,637 
  
    Plus: 

    Accretion of Class A ordinary shares subject to possible redemption 
     237,370 
  
    Class A ordinary shares subject to possible redemption, at redemption value, March 31, 2025 
    $22,444,007 
  
    Plus: 

    Accretion of Class A ordinary shares subject to possible redemption 
     269,365 
  
    Class A ordinary shares subject to possible redemption, at redemption value, June 30, 2025 
    $22,713,372 
  
    Plus: 

    Accretion of Class A ordinary shares subject to possible redemption 
     271,836 
  
    Class A ordinary shares subject to possible redemption, at redemption value, September 30, 2025 
    $22,985,208 

Income
Taxes

ASC
Topic 740, “Income Taxes,” prescribes a recognition threshold and a measurement attribute for the financial statement recognition
and measurement of tax