Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 18

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 18
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 guidelines as well as on other considerations, factors and criteria that our management
may deem relevant. In the event that we decide to enter into our initial Business Combination with a target business that does not meet
the above criteria and guidelines, we will disclose that the target business does not meet the above criteria in our shareholder communications
related to our initial Business Combination, which, as discussed in this Annual Report, would be in the form of tender offer documents
or proxy solicitation materials that we would file with the SEC.

Investors
should note with respect to the foregoing examples that past performance of our Sponsor, management team and board members is not a guarantee
either (i) of success with respect to any Business Combination we may consummate or (ii) that we will be able to identify a suitable
candidate for our initial Business Combination. You should not rely on the historical record of our affiliates of our Sponsor’s,
management’s or Board of Director’s performance as indicative of our future performance.

Initial
Business Combination

Our Articles provide that for so long as we are listed on Nasdaq, we must complete one or more business combinations having an aggregate fair market value of at least 80% of the value
of the assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable) at the time of our signing
a definitive agreement in connection with our initial Business Combination. We refer to this as the 80% of net assets test. If our Board
of Directors is not able to independently determine the fair market value of the target business or businesses, we will obtain an opinion
from an independent investment banking firm or another independent firm that commonly renders valuation opinions for the type of company
we are seeking to acquire or an independent accounting firm. Additionally, pursuant to Nasdaq rules, any initial Business Combination
must be approved by a majority of our independent directors. Our Articles also provides that any initial Business Combination must be
approved by at least 75% of our Board of Directors. We will have until up to March 3, 2026, the end of the Combination Period, to consummate
an initial Business Combination or a total of up to forty-eight (48) months after the IPO; provided that we cause to be deposited the
Contribution in connection with each Additional Extended Date.

We
anticipate structuring our initial Business Combination so that the post-transaction company in which our Public Shareholders own shares
will own or acquire 100% of the equity interests or assets of the target