Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 247

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 247
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certain situations, including if we are not the surviving entity in our initial Business Combination, the Public Warrants may become
exercisable for a security other than the Class A ordinary shares. As a result, if the surviving company redeems your Public Warrants
for securities pursuant to the warrant agreement, you may receive a security in a company of which you do not have information at this
time. Pursuant to the warrant agreement, the surviving company will be required to use commercially reasonable efforts to register the
issuance of the security underlying the Public Warrants within twenty business days of the closing of an initial Business Combination.

To
the extent our warrants ever become exercisable, we may redeem your unexpired Public Warrants prior to their exercise at a time that
is disadvantageous to you, thereby making your Public Warrants worthless.

To
the extent our warrants ever become exercisable, we have the ability to redeem outstanding Public Warrants at any time after they become
exercisable and prior to their expiration, at a price of $0.01 per Public Warrant, provided that the last reported sales price of our
Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share capitalizations, rights issuances,
subdivisions, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 trading-day period ending on the third
trading day prior to the date we send the notice of redemption to the Public Warrant holders. If and when the Public Warrants become
redeemable by us, we may not exercise our redemption right if the issuance of shares upon exercise of the Public Warrants is not exempt
from registration or qualification under applicable state blue sky laws or we are unable to effect such registration or qualification.
We will use our best efforts to register or qualify such shares under the blue sky laws of the state of residence in those states in
which the Public Warrants were offered by us in the IPO. Redemption of the outstanding Public Warrants could force you (i) to exercise
your Public Warrants and pay the exercise price therefor at a time when it may be disadvantageous for you to do so, (ii) to sell your
Public Warrants at the then-current market price when you might otherwise wish to hold your Public Warrants or (iii) to accept the nominal
redemption price which, at the time the outstanding Public Warrants are called for redemption, is likely to be