Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 249

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 249
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up to $1.5 million of such amount may be converted into warrants at the option of the Contributors. To the extent we issue Class A ordinary
shares to effectuate a Business Combination, the potential for the issuance of a substantial number of additional Class A ordinary shares
upon exercise of these warrants or conversion rights could make us a less attractive acquisition vehicle to a target business. Any such
issuance will increase the number of issued and outstanding Class A ordinary shares and reduce the value of the Class A ordinary shares
issued to complete the business transaction. Therefore, our warrants and Founder Shares may make it more difficult to effectuate a Business
Combination or increase the cost of acquiring the target business.

If
we are unable to consummate our initial Business Combination within the Combination Period, our Public Shareholders may be forced to
wait beyond the Combination Period before redemption from our Trust Account.

If
we are unable to consummate our initial Business Combination within the Combination Period, we will distribute the aggregate amount then
on deposit in the Trust Account (less up to $100,000 of the interest earned thereon to pay dissolution expenses and net of taxes payable),
pro rata to our Public Shareholders by way of redemption and cease all operations except for the purposes of winding up of our affairs,
as further described herein. Any redemption of Public Shares from the Trust Account shall be effected automatically by function of our
Articles prior to any voluntary winding up. If we are required to wind up, liquidate the Trust Account and distribute such amount therein,
pro rata, to our Public Shareholders, as part of any liquidation process, such winding up, liquidation and distribution must comply with
the applicable provisions of the Companies Act. In that case, investors may be forced to wait beyond the Combination Period before the
redemption proceeds of our Trust Account become available to them and they receive the return of their pro rata portion of the proceeds
from our Trust Account. We have no obligation to return funds to investors prior to the date of our redemption or liquidation unless
we consummate our initial Business Combination prior thereto and only then in cases where investors have sought to redeem their ordinary
shares. Only upon our redemption or any liquidation will Public Shareholders be entitled to distributions if we are unable to complete
our initial Business Combination.

50

GENERAL
RISK FACTORS

Past
performance by our management team and their respective affiliates may not be indicative of future performance of an investment in us.

Information
regarding performance by