Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 8

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 8
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 Combination, which can be extended monthly until up to March 3, 2026.

On March 4, 2025, the Company received a notice from the staff of the Listing
Qualifications Department of Nasdaq stating that because the Company had not completed an IPO within 36 months of the effective date of
its IPO registration statement, it was not in compliance with Nasdaq listing rule IM 5101-2, and was therefore subject to delisting. Trading
in the Company’s securities on Nasdaq was suspended at the opening of business on March 11, 2025, and trading of the Company’s
securities on the over-the-counter market commenced shortly thereafter.

Management
Team

Our
management team is led by Sung Yoon Woo, Chief Executive Officer and Director; Sungwoo (Andrew) Hyung, Chief Financial Officer and Director;
Sungsik (Sung) Lee, President; and Dr. Gene Young Cho, Chief Operating Officer.

Sung
Yoon Woo, Chief Executive Officer and Director, is an investor with a track record and experience in strategic acquisitions, corporate
divestitures, recapitalizations, and growth equity. Mr. Woo is the Founder and CEO of Credian Partners, a private equity firm based in
South Korea. During his nearly 20 year investment career, Mr. Woo has led over $4 billion in transactions and invested over $3 billion.
Prior to founding Credian Partners, Mr. Woo was at Russell Investments, where he advised the National Pension Service of Korea, the third-largest
pension fund in the world by total assets, the Bank of Korea, and Korea Investment Corporation, a sovereign wealth fund, among other
clients on their global portfolio. Prior to Russell Investments, Mr. Woo was a team head of the private equity arm of Mirae Asset Global
Investments, one of the largest asset management funds in South Korea, where he led various domestic and cross-border transactions. While
at Mirae Asset Financial Group (“Mirae Asset”), Mr. Woo led the acquisition of Acushnet Company, the parent company of Titleist
and FootJoy, for $1.2 billion, representing an internal rate of return of approximately 12.5%. Not only has this transaction won awards
in South Korea, but it is also notable as a key transaction that helped pave the way for the proliferation of private equity transactions
in the country. Prior to Mirae Asset, Mr. Woo was in the investment banking department of KB K