Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 175

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 175
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 that the total amount of unrecognized tax
benefits will materially change over the next twelve months.

Net
Income per Ordinary Share

The
Company complies with accounting and ordinary disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net income
per ordinary share is computed by dividing net income by the weighted average number of ordinary shares outstanding for the period. The
Company has two classes of ordinary shares, which are referred to as Class A ordinary shares and Class B ordinary shares. Income and
losses are shared pro rata between the two classes of shares. This presentation contemplates a Business Combination as the most likely
outcome, in which case, both classes of ordinary shares share pro rata in the loss of the Company. Accretion associated with the redeemable
Class A ordinary shares is excluded from earnings per share as the redemption value approximates fair value.

The
calculation of diluted income per ordinary share does not consider the effect of the warrants issued in connection with the (i) Initial
Public Offering, and (ii) the private placement, since the exercise of the warrants is contingent upon the occurrence of future events.
The warrants are exercisable to purchase 17,939,643 Class A ordinary shares in the aggregate. As of December 31, 2024 and 2023, the Company
did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares and then
share in the earnings of the Company. As a result, diluted net income per ordinary share is the same as basic net income per ordinary
share for the periods presented.

    F-14

The
following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

 SCHEDULE OF NET LOSS PER COMMON SHARE 

     Class A  
     Class B  
     Class A  
     Class B 

    For the Year Ended December 31, 

    2024  
    2023 

     Class
                                                                                                 A redeemable  
     Class
                                            A and Class B non-redeemable  
     Class
                                            A redeemable  
     Class
                                            A and Class B non-redeemable 
  
    Basic and diluted net income per ordinary share 

    Numerator: 

    Allocation of net income, as adjusted 
    $969,121  
    $1,434,