Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 37

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 37
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 Business Combination or to redeem 100% of our Public
Shares if we do not complete our initial Business Combination within the Combination Period or (B) with respect to any other material
provision relating to the rights of Public Shareholders and (iii) the redemption of all of our Public Shares if we are unable to complete
our initial Business Combination within the Combination Period, subject to applicable law. In no other circumstances will a shareholder
have any right or interest of any kind to or in the Trust Account. In the event we seek shareholder approval in connection with our initial
Business Combination, a shareholder’s voting in connection with the Business Combination alone will not result in a shareholder’s
redeeming its shares to us for an applicable pro rata share of the Trust Account. Such shareholder must have also exercised its redemption
rights described above.

21

Competition

In
identifying, evaluating and selecting a target business for our initial Business Combination, we may encounter intense competition from
other entities having a business objective similar to ours, including other blank check companies, private equity groups and leveraged
buyout funds, and operating businesses seeking strategic acquisitions. Many of these entities are well established and have extensive
experience identifying and effecting business combinations directly or through affiliates. Moreover, many of these competitors possess
greater financial, technical, human and other resources than us. Our ability to acquire larger target businesses will be limited by our
available financial resources. This inherent limitation gives others an advantage in pursuing the acquisition of a target business. Furthermore,
our obligation to pay cash in connection with our Public Shareholders who exercise their redemption rights may reduce the resources available
to us for our initial Business Combination and our outstanding warrants, and the future dilution they potentially represent, may not
be viewed favorably by certain target businesses. Either of these factors may place us at a competitive disadvantage in successfully
negotiating an initial Business Combination.

Employees

We
currently have four officers: Sung Yoon Woo, Sungwoo (Andrew) Hyung, Sunsik (Sung) Lee and Dr. Gene Young Cho. Members of our management
team are not obligated to devote any specific number of hours to our matters but they intend to devote as much of their time as they
deem necessary to our affairs until we have completed our initial Business Combination. The amount of time that our officers or any other
members of our management team will devote in any time period will vary based on whether a target business has been selected for our
initial Business Combination and the