Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 241

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 241
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 for more cash consideration to offset the negative impact
on the market price of our Class A ordinary shares that is expected when the ordinary shares owned by our Initial Shareholders, holders
of our Private Placement Warrants or holders of our Working Capital Loans or their respective permitted transferees are registered.

Provisions
in our Articles may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future for our Class
A ordinary shares and could entrench management.

Our
Articles contain provisions that may discourage unsolicited takeover proposals that shareholders may consider to be in their best interests.
These provisions include the ability of the Board of Directors to designate the terms of and issue new series of preference shares, which
may make more difficult the removal of management and may discourage transactions that otherwise could involve payment of a premium over
prevailing market prices for our securities.

46

If
we seek shareholder approval of our initial Business Combination, our Initial Shareholders, officers and directors have agreed to vote
in favor of such initial Business Combination, regardless of how our Public Shareholders vote. In addition, our Initial Shareholders
hold substantial interest in us and, as a result, may exert a substantial influence on actions requiring shareholder vote, potentially
in a manner that you do not support.

Unlike
other blank check companies in which the Initial Shareholders agree to vote their Founder Shares in accordance with the majority of the
votes cast by the Public Shareholders in connection with an initial Business Combination, our Initial Shareholders, officers and directors
have agreed (and their permitted transferees will agree), pursuant to the terms of a letter agreement entered into with us, to vote any
Founder Shares held by them, as well as any Public Shares purchased during or after the IPO, in favor of our initial Business Combination.
Based on the share ownership of our Initial Shareholders as of the date of this Annual Report, we expect that our Initial Shareholders
and their permitted transferees will own approximately 75% of our issued and outstanding ordinary shares at the time of any such shareholder
vote. As a result, our Initial Shareholders can approve the amendment of our Articles without the vote of any holders of Public Shares.
Accordingly, if we seek shareholder approval of our initial Business Combination, it is more likely that the necessary shareholder approval
will be received than would be the case if such persons agreed to vote their Founder Shares in accordance with the majority of the votes
cast by our Public Shareholders.

In
addition, as