Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 90

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 90
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 interest (which
interest shall be net of taxes payable, and less up to $100,000 of interest to pay dissolution expenses) divided by the number of then
outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the
right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible
following such redemption, subject to the approval of our remaining shareholders and our Board of Directors, liquidate and dissolve,
subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable
law. In such case, our Public Shareholders may, based on estimates as of December 31, 2024, receive approximately $11.89 per share. There
will be no liquidating distributions with respect to our warrants. In certain circumstances, our Public Shareholders may receive less
than the currently estimated $11.89 per share on the redemption of their shares. See “- If third parties bring claims against
us, the proceeds held in the Trust Account could be reduced and the per-share redemption amount received by shareholders may be less
than $11.89 per share, which is the estimated per share amount held in our Trust Account as of December 31, 2024” and other
risk factors herein. This feature is different from some other special purpose acquisition companies, in which any extension of the company’s
period to consummate an initial business combination would require a vote of the company’s shareholders and in connection with
such vote shareholders would have the right to redeem their Public Shares.

47

A
provision of our warrant agreement may make it more difficult for us to consummate an initial Business Combination.

If:

    (i)
    we
    issue additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing
    of our initial Business Combination at a Newly Issued Price of less than $9.20 per share;

    (ii)
    the
    aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available
    for the funding of our initial Business Combination on the date of the consummation of our initial Business Combination (net of redemptions),
    and

    (iii)
    the
    Market Value is below $9.20 per share,

then
the exercise price of the Public Warrants will be adjusted to be