Company: VMCWF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023515
Chunk: 39

Company: Valuence Merger Corp. I
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 Company may
redeem the outstanding warrants (except as described with respect to the Private Placement Warrants):

    ●
    in
    whole and not in part;

    ●
    at
    a price of $0.01 per warrant;

    ●
    upon
    a minimum of 30 days’ prior written notice of redemption to each warrant holder; and

    ●
    if,
    and only if, the closing price of the Class A ordinary shares equals or exceeds $18.00 per share (as adjusted) for any 10 trading
    days within a 20-trading day period ending three trading days before the date on which the Company sends the notice of redemption
    to the warrant holders.

If
and when the Public Warrants become redeemable by the Company, the Company may exercise its redemption right even if the Company is unable
to register or qualify the underlying securities for sale under all applicable state securities laws.

If
the Company calls the Public Warrants for redemption, as described above, its management will have the option to require any holder that
wishes to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise
price and number of ordinary shares issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including
in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, except
as described below, the Public Warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally,
in no event will the Company be required to net cash settle the Public Warrants. If the Company is unable to complete a Business Combination
within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of Public Warrants will not receive
any of such funds with respect to their Public Warrants, nor will they receive any distribution from the Company’s assets held
outside of the Trust Account with respect to such Public Warrants.

In
addition, if (x) the Company issues additional Class A ordinary shares or equity-linked securities, for capital raising purposes in connection
with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with
such issue price or effective issue price to be determined in good faith by the Company’s Board of Directors and, in the case of
any such issuance to the Sponsor or