Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 454

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 454
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    (1)
    Unless
    otherwise noted, the business address of each of our shareholders listed is c/o Valuence Merger Corp. I, 4 Orinda Way, Suite 100D,
    Orinda, California, 94563.

    (2)
    Interests
    shown consist solely of Founder Shares, classified as Class B ordinary shares. Such shares are convertible into Class A ordinary
    shares at the option of the holder at any time and from time to time and will automatically convert into Class A ordinary shares
    concurrently with or immediately following the consummation of our initial Business Combination, in each case on a one-for-one basis,
    subject to adjustment.

    (3)
    VMCA
    Sponsor, LLC, our Sponsor, is the record holder of 4,302,290 of the shares reported herein and the other 1,200,000 shares reported
    herein are held of record by Valuence Partners LP. VMCA Sponsor, LLC is the sole general partner of Valuence Partners LP and has
    voting and investment discretion with respect to the securities held of record by Valuence Partners LP. VMCA Sponsor, LLC is governed
    and controlled by its co-managing members, Credian Partners, Inc., which Sung Yoon Woo is the sole shareholder, Sungwoo (Andrew)
    Hyung, Sungsik (Sung) Lee, and Gene Young Cho. Each co-managing member has the powers, rights, obligations and liabilities of a manager
    pursuant to the Limited Liability Companies Act of the Cayman Islands. Under the so-called “rule of three,” if voting
    and dispositive decisions regarding an entity’s securities are made by two or more individuals, and a voting and dispositive
    decision requires the approval of a majority of those individuals, none of the individuals is deemed a beneficial owner of the entity’s
    securities. This is the situation with regard to VMCA Sponsor, LLC. Based on the foregoing, no director exercises voting or dispositive
    control over any of the securities held by VMCA Sponsor, LLC. Accordingly, none of them are deemed to have or share beneficial ownership
    of such shares and, for the avoidance of doubt, each has expressly disclaimed any such beneficial interest to the extent of any pecuniary
    interest he may have therein, directly or indirectly. Each of our officers, directors and advisors is, directly or indirectly