Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 69

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 69
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 inherent in managing cross-border business operations;

    ●
    rules
    and regulations regarding currency redemption;

    ●
    complex
    corporate withholding taxes on individuals;

    ●
    laws
    governing the manner in which future business combinations may be effected;

    ●
    tariffs
    and trade barriers;

    ●
    regulations
    related to customs and import/export matters;

    ●
    longer
    payment cycles;

    ●
    tax
    issues, such as tax law changes and variations in tax laws as compared to the United States;

    ●
    currency
    fluctuations and exchange controls;

    ●
    rates
    of inflation;

36

    ●
    challenges
    in collecting accounts receivable;

    ●
    cultural
    and language differences;

    ●
    employment
    regulations;

    ●
    crime,
    strikes, riots, civil disturbances, terrorist attacks and wars; and

    ●
    deterioration
    of political relations with the United States.

We
may not be able to adequately address these additional risks. If we were unable to do so, our operations might suffer, which may adversely
impact our results of operations and financial condition.

We
may issue notes or other debt securities, or otherwise incur substantial debt, to complete a Business Combination, which may adversely
affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.

Although
we have no commitments as of the date of this Annual Report to issue any notes or other debt securities, or to otherwise incur outstanding
debt, we may choose to incur substantial debt to complete our initial Business Combination. We have agreed that we will not incur any
indebtedness unless we have obtained from the lender a waiver of any right, title, interest or claim of any kind in or to the monies
held in the Trust Account. As such, no issuance of debt will affect the per-share amount available for redemption from the Trust Account.
Nevertheless, the incurrence of debt could have a variety of negative effects, including:

    ●
    default
    and foreclosure on our assets if our operating revenues after an initial Business Combination are insufficient to repay our debt
    obligations;

    ●
    acceleration
    of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants
    that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;