Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 632

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 632
---
 CORP. I

STATEMENTS
OF OPERATIONS

    2024  
    2023 

    For the Year Ended December 31, 

    2024  
    2023 

    General and administrative expenses 
    $1,123,794  
    $1,392,083 
  
    Recoveries of previously incurred general and administrative expenses 
     (1,606,332) 
     — 
  
    Income (loss) from operations 
     482,538 
     (1,392,083)

    Other income: 

    Interest earned on investments and cash held in Trust Account 
     1,920,591  
     6,163,554 
  
    Total other income 
     1,920,591  
     6,163,554 

    Net income 
    $2,403,129  
    $4,771,471 

    Weighted average shares outstanding of Class A redeemable ordinary shares 
     3,718,651  
     12,833,415 

    Basic and diluted net income per common share, Class A redeemable ordinary shares 
    $0.26  
    $0.26 

    Weighted average shares outstanding of Class A and Class B non-redeemable ordinary shares 
     5,502,490  
     5,502,490 

    Basic and diluted net income per common share, Class A and Class B non-redeemable ordinary shares 
    $0.26  
    $0.26 

The
accompanying notes are an integral part of these financial statements.

F-4

VALUENCE
MERGER CORP. I

STATEMENTS
OF CHANGES IN SHAREHOLDERS’ DEFICIT

FOR
THE YEARS ENDED DECEMBER 31, 2024 AND 2023

    ‌ 
    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 

    ‌ 
    Class A ordinary shares  
    Class B ordinary shares  
    Additional Paid-in  
    Accumulated  
    Shareholders’ 
  
    ‌ 
    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balance as of