Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 36

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 36
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 actual value of the per-share redemption price will not be substantially
less than $10.00 per share.

Our
Sponsor will also not be liable as to any claims under our indemnity of the underwriters of the IPO against certain liabilities, including
liabilities under the Securities Act. In the event that we liquidate and it is subsequently determined that the reserve for claims and
liabilities is insufficient, shareholders who received funds from our Trust Account could be liable for claims made by creditors.

If
we file a bankruptcy or winding-up petition or an involuntary bankruptcy or winding-up petition is filed against us that is not dismissed,
the proceeds held in the Trust Account could be subject to applicable bankruptcy or insolvency law, and may be included in our bankruptcy
or insolvency estate and subject to the claims of third parties with priority over the claims of our shareholders. To the extent any
bankruptcy or insolvency claims deplete the Trust Account, we cannot assure you we will be able to return the current estimated $11.89
per Public Share to our Public Shareholders. Additionally, if we file a bankruptcy or winding-up petition or an involuntary bankruptcy
or winding-up petition is filed against us that is not dismissed, any distributions received by shareholders could be viewed under applicable
debtor/creditor and/or bankruptcy laws and/or insolvency laws as a “preferential transfer”, a “fraudulent conveyance”,
a “fraud in anticipation of winding up”, a “transaction in fraud of creditors” or a “misconduct in the
course of winding up.” As a result, a bankruptcy or insolvency court could seek to recover all amounts received by our shareholders.
Furthermore, our Board of Directors may be viewed as having breached its fiduciary duty to our creditors and/or may have acted in bad
faith, and thereby exposing itself and our Company to claims of punitive damages, by paying Public Shareholders from the Trust Account
prior to addressing the claims of creditors. We cannot assure you that claims will not be brought against us for these reasons.

Our
Public Shareholders will be entitled to receive funds from the Trust Account only upon the earlier of (i) the redemption of any Public
Shares properly tendered in connection with the completion of our initial Business Combination, (ii) the redemption of any Public Shares
properly tendered in connection with a shareholder vote to amend our Articles to (A) modify the substance or timing of our obligation
to provide for the redemption of our Public Shares in connection with an initial