Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 94

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 94
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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 substantially less than
the market value of your Public Warrants. None of the Private Placement Warrants will be redeemable by us.

49

Our
management’s ability to require holders of our Public Warrants to exercise such warrants on a cashless basis will cause holders
to receive fewer Class A ordinary shares upon their exercise of the Public Warrants than they would have received had they been able
to exercise their warrants for cash.

If
we call our Public Warrants for redemption after the redemption criteria described elsewhere in this Annual Report have been satisfied,
our management will have the option to require any holder that wishes to exercise his or her Public Warrants to do so on a “cashless
basis.” If our management chooses to require holders to exercise their Public Warrants on a cashless basis, the number of Class
A ordinary shares received by a holder upon exercise will be fewer than it would have been had such holder exercised his or her warrant
for cash. This will have the effect of reducing the potential “upside” of the holder’s investment in our Company.

Our
warrants and Founder Shares may have an adverse effect on the market price of our Class A ordinary shares and make it more difficult
to effectuate our initial Business Combination.

We
have issued Public Warrants to purchase 10,000,000 of our Class A ordinary shares, at a price of $11.50 per