Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 21

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 21
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 the target business to fit its needs and desires. However, we have not taken any steps to
secure third party financing and there can be no assurance it will be available to us.

Effecting
Our Initial Business Combination

General

We
are not presently engaged in, and we will not engage in, any operations prior to the completion of our initial Business Combination.
We intend to effectuate our initial Business Combination using cash from the proceeds of our Initial Public Offering and the Private
Placement Warrants, our shares, debt or a combination of these as the consideration to be paid in our initial Business Combination.

If
we pay for our initial Business Combination using equity or debt securities, or we do not use all of the funds released from the Trust
Account for payment of the purchase price in connection with our Business Combination or for redemptions or purchases of our ordinary
shares, we may apply the balance of the cash released to us from the Trust Account for general corporate purposes of the post-combination
company, including for maintenance or expansion of operations of acquired businesses, the payment of principal or interest due on indebtedness
incurred in consummating our initial Business Combination, to fund the purchase of other companies, or for working capital.

We
have not identified any acquisition target. Accordingly, there is no current basis for investors to evaluate the possible merits or risks
of the target business with which we may ultimately complete our initial Business Combination. Although our management will assess the
risks inherent in a particular target business with which we may combine, we cannot assure you that this assessment will result in our
identifying all risks that a target business may encounter. Furthermore, some of those risks may be outside of our control, meaning that
we can do nothing to control or reduce the chances that those risks will adversely impact a target business.

14

We
may seek to raise additional funds through a private offering of debt or equity securities in connection with the completion of our initial
Business Combination and we may effectuate an initial Business Combination using the proceeds of such offering rather than using the
amounts held in the Trust Account. Subject to compliance with applicable securities laws, we would consummate such financing only simultaneously
with the consummation of our Business Combination. In the case of an initial Business Combination funded with assets other than the Trust
Account assets, our tender offer documents or proxy materials disclosing the Business Combination would disclose the terms of the financing
and, only if required by applicable law or stock exchange rule, we would seek shareholder