Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 218

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 218
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 to allow redemption in connection with our initial Business Combination or to redeem 100% of our Public Shares if we
do not complete an initial Business Combination within the Combination Period or any further extensions or (B) with respect to any other
material provisions relating to the rights of Public Shareholders.

We
may reincorporate in another jurisdiction in connection with our initial Business Combination, and the laws of such jurisdiction may
govern some or all of our future material agreements and we may not be able to enforce our legal rights.

In
connection with our initial Business Combination, we may relocate the home jurisdiction of our business from the Cayman Islands to another
jurisdiction. If we determine to do this, the laws of such jurisdiction may govern some or all of our future material agreements. The
system of laws and the enforcement of existing laws in such jurisdiction may not be as certain in implementation and interpretation as
in the United States. The inability to enforce or obtain a remedy under any of our future agreements could result in a significant loss
of business, business opportunities or capital.

34

The
provisions of our Articles that relate to our pre-initial Business Combination activity (and corresponding provisions of the agreement
governing the release of funds from our Trust Account), may be amended with the approval of holders of at least two-thirds of our ordinary
shares who attend and vote in a general meeting, which is a lower amendment threshold than that of some other blank check companies.
It may be easier for us, therefore, to amend our Articles and the IMTA to facilitate the completion of an initial Business Combination
that some of our shareholders may not support.

Some
other blank check companies have a provision in their charter which prohibits the amendment of certain of its provisions, including those
which relate to a company’s pre-initial business combination activity, without approval by a certain percentage of the company’s
shareholders. In those companies, amendment of these provisions requires approval by between 90% and 100% of the company’s public
shareholders. Our Articles provides that any of its provisions, including those related to pre-initial Business Combination activity
(including the requirement to deposit proceeds of the IPO and the Private Placement Warrants into the Trust Account and not release such
amounts except in specified circumstances, and to provide redemption rights to Public Shareholders as described herein and in our Articles
or an amendment to permit us to withdraw funds from the Trust Account such that the per share amount investors will receive upon any
redemption or liquidation is substantially