Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 92

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 92
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 by service upon such warrant holder’s counsel in the foreign
action as agent for such warrant holder.

This
choice-of-forum provision may limit a warrant holder’s ability to bring a claim in a judicial forum that it finds favorable for
disputes with our Company, which may discourage such lawsuits. Alternatively, if a court were to find this provision of our warrant agreement
inapplicable or unenforceable with respect to one or more of the specified types of actions or proceedings, we may incur additional costs
associated with resolving such matters in other jurisdictions, which could materially and adversely affect our business, financial condition
and results of operations and result in a diversion of the time and resources of our management team.

48

We
may amend certain agreements related to the IPO without shareholder approval. We may also amend the terms of the Public Warrants in a
manner that may be adverse to holders of Public Warrants with the approval by the holders of at least 50% of the then outstanding Public
Warrants.

Certain
agreements, including the underwriting agreement relating to the IPO, the IMTA between us and Continental Stock Transfer & Trust
Company, the letter agreement among us and our Initial Shareholders, officers, directors and director nominees, and the registration
rights agreement among us and our Initial Shareholders, may be amended without shareholder approval. These agreements contain various
provisions that our Public Shareholders might deem to be material. For example, the underwriting agreement related to the IPO contains
a covenant that the target company that we acquire must have a fair market value equal to at least 80% of the balance in the Trust Account
at the time of signing the definitive agreement for the transaction with such target business (excluding the deferred underwriting commissions
and taxes payable on the income earned on the Trust Account) so long as we obtain and maintain a listing for our securities on Nasdaq.
While we do not expect our Board of Directors to approve any amendment to any of these agreements prior to our initial Business Combination,
it may be possible that our Board of Directors, in exercising its business judgment and subject to its fiduciary duties, chooses to approve
one or more amendments to any such agreement in connection with the consummation of our initial Business Combination. Any such amendment
may have an adverse effect on the value of an investment in our securities.

Our
Public Warrants have been issued in registered form under a warrant agreement between Continental Stock Transfer & Trust Company,
as warrant agent, and us. The