Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 192

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 192
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An
investment in our securities involves a high degree of risk. You should consider carefully all of the risks described below, together
with the other information contained in this Annual Report before making a decision to invest in our securities. If any of the following
events occur, our business, financial condition and operating results may be materially adversely affected.

22

RISKS
RELATING TO OUR SEARCH FOR, CONSUMMATION OF, OR INABILITY TO CONSUMMATE, A BUSINESS COMBINATION AND POST-BUSINESS COMBINATION RISKS

We
are a recently incorporated company with no operating history and no revenues, and you have no basis on which to evaluate our ability
to achieve our business objective.

We
are a recently incorporated exempted company incorporated under the laws of the Cayman Islands with no operating results, and we will
not commence operations until we complete our initial Business Combination. Because we lack an operating history, you have no basis upon
which to evaluate our ability to achieve our business objective of completing our initial Business Combination with one or more target
businesses. If we fail to complete our initial Business Combination, we will never generate any operating revenues.

Our
Public Shareholders may not be afforded an opportunity to vote on our proposed Business Combination, which means we may complete our
initial Business Combination even though a majority of our Public Shareholders do not support such a combination.

We
may not hold a shareholder vote to approve our initial Business Combination unless the Business Combination would require shareholder
approval under applicable Cayman Islands law or if we decide to hold a shareholder vote for business or other reasons.
Examples of transactions that would not ordinarily require shareholder approval under Cayman Islands law include asset acquisitions and
capital stock or share purchases, while transactions such as direct mergers with our Company would require shareholder approval. Therefore,
we may need to seek shareholder approval of the Business Combination depending on how we structure such transaction. Except as required
by applicable law, the decision as to whether we will seek shareholder approval of a proposed Business Combination or will allow shareholders
to sell their shares to us in a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors,
such as the timing of the transaction and whether the terms of the transaction would otherwise require us to seek shareholder approval.
Accordingly, we may consummate our initial Business Combination even if holders of a majority of the issued and outstanding ordinary shares
do not approve of the Business Combination we consummate.

Although
we