Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 263

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 263
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 time to complete our Business
Combination, our failure to obtain any required approvals within the requisite time period may require us to liquidate. If we are unable
to consummate our Business Combination by the Combination Period, including as a result of extended regulatory review, we will redeem
the Public Shares for a pro rata portion of the funds held in the Trust Account and 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 the requirements of other applicable law. In
such event, our shareholders will miss the opportunity to benefit from an investment in a target company and the potential appreciation
in value of such investment. There will be no liquidating distributions from our Trust Account with respect to our warrants.

We
have no operating history and are subject to a mandatory liquidation and subsequent dissolution requirement if we do not complete
our initial Business Combination by the Combination Period. As such, there is a risk that we will be unable to continue as a going
concern if liquidity needs arise or if we do not consummate an initial Business Combination by the applicable deadline and our independent registered public accounting firm’s report contains an explanatory paragraph that expresses
substantial doubt about our ability to continue as a going concern. If we are
unable to effect our initial Business Combination by the deadline, we will be forced to liquidate.

We are a blank check company,
and as we have no operating history and are subject to a mandatory liquidation and subsequent dissolution requirement. As of December
31, 2024, $61,037 was available to us outside the Trust Account to fund our working capital requirements. Although the Company plans to
complete an initial Business Combination within the Combination Period, there can be no assurance that the Company will be able to consummate
an initial Business Combination by such date. If a Business Combination is not consummated by up to March 3, 2026, there will be a mandatory
liquidation and subsequent dissolution of the Company. Further, the Company has incurred and expects to continue to incur significant
costs in pursuit of its financing and acquisition plans. If the Company’s estimates of the costs of identifying a target business,
undertaking in-depth due diligence, and negotiating a Business Combination are less than the actual amount necessary to do so, the Company
may have insufficient funds available to operate its business prior