Company: VMCWF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023470
Chunk: 5

Company: Valuence Merger Corp. I
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 condensed financial statements.

3

VALUENCE
MERGER CORP. I

UNAUDITED
CONDENSED STATEMENTS OF CASH FLOWS

    2025  
    2024 

    For
    the Six Months Ended June 30, 

    2025  
    2024 
  
    Cash
    Flows from Operating Activities: 

    Net
    income 
    $83,692  
    $757,373 
  
    Adjustments
    to reconcile net income to net cash used in operating activities: 

    Interest
    earned on cash and investments held in Trust Account 
     (366,679) 
     (1,480,642)
  
    Changes
    in operating assets and liabilities: 

    Prepaid
    expenses 
     3,499  
     (32,928)
  
    Accrued
    expenses and accounts payable 
     11,091  
     237,510 
  
    Net
    cash used in operating activities 
     (268,397) 
     (518,687)

    Cash
    Flows from Investing Activities: 

    Investment
    of cash into Trust Account 
     (140,055) 
     (616,023)
  
    Cash
    withdrawn from Trust Account in connection with redemption 
     —  
     49,900,380 
  
    Net
    cash (used in) provided by investing activities 
     (140,055) 
     49,284,357 

    Cash
    Flows from Financing Activities: 

    Proceeds
    from convertible promissory note - related party 
     —  
     300,000 
  
    Advances
    from related party 
     440,076  
     170,000 
  
    Redemption of ordinary
    shares 
     —  
     (49,900,380)
  
    Net
    cash provided by (used in) financing activities 
     440,076  
     (49,430,380)

    Net
    Change in Cash 
     31,624  
     (664,710)
  
    Cash – Beginning
    of period 
     61,037  
     684,816 
  
    Cash – End
    of period 
    $92,661  
    $