Company: VMCWF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010983
Chunk: 2

Company: Valuence Merger Corp. I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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    Basic and diluted net income per common share, Class A redeemable ordinary shares 
    $0.00  
    $0.05 

    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 
    $0.00  
    $0.05 

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

2

VALUENCE
MERGER CORP. I

UNAUDITED
CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT

FOR
THE THREE MONTHS ENDED MARCH 31, 2025

     —  
     —  

    ‌ 
    Class A ordinary shares  
    Class B ordinary shares  
    Additional Paid-in  
    Accumulated  
    Total Shareholders’ 
  
    ‌ 
    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balance — January 1, 2025 
     5,502,488  
    $550  
     2  
    $—  
    $—  
    $(12,335,872) 
    $(12,335,322)

     —  
     —  

    Accretion of Class A ordinary shares subject to possible redemption 
     —  
     —  
     —  
     —  
     —  
     (237,370) 
     (237,370)

    Net income 
     —  
     —  
     —  
     —  
     —  
     24,976  
     24,976 

    Balance as of March 31, 2025 
     5,502,488  
    $550  
     2  
    $—  
    $—  
    $(12,548,266) 
    $(12,547,716)

FOR
THE THREE MONTHS ENDED MARCH 31, 2024

    Shares  
    Amount  
    Capital  
    Def