Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 427

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 427
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We
currently maintain our executive offices at 4 Orinda Way, Suite 100D, Orinda, California 94563. We consider our current office space
adequate for our current operations.

ITEM
3. LEGAL PROCEEDINGS.

To
the knowledge of our management, there was no material litigation, arbitration or governmental proceeding pending against us or any members
of our management team in their capacity as such, and we and the members of our management team have not been subject to any such proceeding.

ITEM
4. MINE SAFETY DISCLOSURES.

Not
applicable.

PART
II

ITEM
5. MARKET FOR REGISTRANT’S ORDINARY EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

(a)
Market Information

Our
Units, Class A ordinary shares and Public Warrants were listed on Nasdaq under the symbols “VMCAU,” “VMCA”
and “VMCAW”, respectively, until March 11, 2025. Shortly following the delisting, our Units, Class A ordinary shares and Public
Warrants began trading on the over-the-counter market and quoted on the OTCPINK under the symbols “VMCUF”, “VMCAF” and “VMCWF”, respectively.

(b)
Holders

As
of December 31, 2024, there was one holder of record of our Units, three holders of record of our Class A ordinary shares, two holders
of record of our Class B ordinary shares, and three holders of record of our warrants, including our Public Warrants and Private Placement
Warrants. The number of holders of record does not include a substantially greater number of “street name” holders or beneficial
holders whose Units, Class A ordinary shares and Public Warrants are held of record by banks, brokers and other financial institutions.

(c)
Dividends

We
have not paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of a
Business Combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements
and general financial conditions subsequent to completion of an initial Business Combination. The payment of any cash dividends subsequent
to an initial Business Combination will be within the discretion of our Board of Directors at such time. If we incur any indebtedness,
our ability to declare dividends may be limited by restrictive covenants we may agree to in connection ther