Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 78

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 78
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 by them related to identifying, investigating, negotiating and completing a Business Combination. If we do not
    consummate a Business Combination, they will not have any claim against the Trust Account for reimbursement. As of the date of this
    Annual Report, there are no reimbursable out-of-pocket expenses outstanding.

41

    ●
    All
    rights specified in the Articles relating to the right of officers and directors to be indemnified by the Company, and of the Company’s
    officers and directors to be exculpated from monetary liability with respect to prior acts or omissions, will continue after a Business
    Combination. If the Company does not complete a Business Combination and liquidates, the Company will not be able to perform its
    obligations to its officers and directors under those provisions.

    ●
    In
    order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to the Company if and to the
    extent any claims by a third party (other than our independent registered public accounting firm) for services rendered or products
    sold to us, or a prospective target business with which we have entered into a letter of intent, confidentiality, or other similar
    agreement for a Business Combination, reduce the amount of funds in the Trust Account to below (i) $10.00 per Public Share or (ii)
    such lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, due to reductions
    in value of the trust assets, in each case net of the amount of interest which may be withdrawn to pay taxes. This liability will
    not apply with respect to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account
    and will not apply as to any claims under our indemnity of the underwriters of the IPO against certain liabilities, including liabilities
    under the Securities Act.

Accordingly,
if we do not consummate a Business Combination, the Sponsor may lose its entire investment in us, and the potential loss of this investment
could incentivize the Sponsor and its affiliates to pursue a Business Combination on unfavorable terms in order to avoid a liquidation
and a loss of its investment. In addition, the personal and financial interests of our executive officers and directors may influence
their motivation in identifying and selecting a target business combination, completing an initial business combination and influencing
the operation of the business following the initial business combination. This