Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 1275

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 1275
---
502,490 

    Basic and diluted net income per common share, Class A and Class B non-redeemable ordinary shares 
    $0.26  
    $0.26 

The
accompanying notes are an integral part of these financial statements.

F-4

VALUENCE
MERGER CORP. I

STATEMENTS
OF CHANGES IN SHAREHOLDERS’ DEFICIT

FOR
THE YEARS ENDED DECEMBER 31, 2024 AND 2023

    ‌ 
    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 

    ‌ 
    Class A ordinary shares  
    Class B ordinary shares  
    Additional Paid-in  
    Accumulated  
    Shareholders’ 
  
    ‌ 
    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balance as of December 31, 2023 
     —  
    $—  
     5,502,490  
    $550  
    $—  
    $(11,894,322) 
    $  (11,893,772)
  
    Balance  
     —  
    $—  
     5,502,490  
    $550  
    $—  
    $(11,894,322) 
    $  (11,893,772)

     —  
     —  

    Accretion of Class A ordinary shares subject to possible redemption 
     —  
     —  
     —  
     —  
     —  
     (2,844,679) 
     (2,844,679)

    Conversion of Class B ordinary shares to Class A ordinary shares 
     5,502,488  
     550  
     (5,502,488) 
     (550) 
     —  
     —  
     — 

    Net income 
     —  
     —  
     —  
     —  
     —  
     2,403,129  
     2,403,129 

    Balance as of December 31, 2024