Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 239

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 239
---

We
did not register the Class A ordinary shares issuable upon exercise of the warrants under federal or any state securities laws, and such
registration may not be in place when an investor desires to exercise warrants, thus precluding such investor from being able to exercise
its warrants except on a cashless basis and potentially causing such warrants to expire worthless.

We
did not register the Class A ordinary shares issuable upon exercise of the warrants under any federal or state securities laws. However,
under the terms of the warrant agreement, we have agreed that as soon as practicable, but in no event later than 15 business days after
the closing of our initial Business Combination, we will use our best efforts to file, and within 60 business days following our initial
Business Combination to have declared effective, a post-effective amendment to the registration statement for the IPO or a new registration
statement covering such shares and maintain a current prospectus relating to the Class A ordinary shares issuable upon exercise of the
warrants, until the expiration of the warrants in accordance with the provisions of the warrant agreement. We cannot assure you that
we will be able to do so if, for example, any facts or events arise which represent a fundamental change in the information set forth
in the registration statement or prospectus, the financial statements contained or incorporated by reference therein are not current
or correct or the SEC issues a stop order. However, no warrant will be exercisable for cash or on a cashless basis, and we will not be
obligated to issue any shares to holders seeking to exercise their warrants, unless the issuance of the shares upon such exercise is
registered or qualified under the securities laws of the state of the exercising holder, or an exemption is available. Notwithstanding
the foregoing, if a registration statement covering the Class A ordinary shares issuable upon exercise of the warrants is not effective
within a specified period following the consummation of our initial Business Combination, warrant holders may, until such time as there
is an effective registration statement and during any period when we shall have failed to maintain an effective registration statement,
exercise warrants on a cashless basis pursuant to the exemption provided by Section 3(a)(9) of the Securities Act, provided that such
exemption is available. If that exemption, or another exemption, is not available, holders will not be able to exercise their warrants
on a cashless basis. We will use our best efforts to register or qualify the shares under applicable blue sky laws to the extent an