Company: VMCWF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023515
Chunk: 91

Company: Valuence Merger Corp. I
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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    General and administrative expenses 
    $82,467  
    $203,143  
    $486,454  
    $926,412 
  
    Recoveries of previously incurred costs 
    $(50,905) 
    $—  
    $(171,905) 
    $— 
  
    Interest earned on cash and investments held in Trust Account 
    $187,803  
    $238,177  
    $554,482  
    $1,718,819 

The
CODM reviews interest earned on investments and cash held in Trust Account to measure and monitor shareholder value and determine the
most effective strategy of investment with the Trust Account funds while maintaining compliance with the Trust Agreement.

General
and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available
to complete a business combination or similar transaction within the business combination period. The CODM also reviews general and
administrative costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and
budget. General and administrative expenses, as reported on the condensed statements of operations, are the significant segment
expenses provided to the CODM on a regular basis.

All
other segment items included in net income are reported on the condensed statements of operations and described within their
respective disclosures.

NOTE
9- SUBSEQUENT EVENTS

The
Company evaluated subsequent events and transactions that occurred after the condensed balance sheets date up to the date that the unaudited
condensed financial statements were issued. Based upon this review, except as described below, the Company did not identify any subsequent
events that would have required adjustment or disclosure in the unaudited condensed financial statements.

On
October 3, 2025, the Board of Directors of the Company approved an extension of the date by which the Company has to consummate an initial
business combination by an additional month, from October 3, 2025 to November 3, 2025, the fifteenth of 19 potential one-month extensions
available to the Company. In connection with such extension, the Company caused to be deposited an additional $28,011 into the Company’s
Trust Account.

On
November 3, 2025, the Board of Directors of the Company approved an extension of the date by which the Company has to consummate an initial
business combination by an additional month, from November 3, 2025 to December 3,