Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 80

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 80
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 presentation to us, subject to his or her fiduciary duties under Cayman Islands
law.

Our
officers, directors, security holders and their respective affiliates may have competitive pecuniary interests that conflict with our
interests.

We
have not adopted a policy that expressly prohibits our directors, officers, security holders or affiliates from having a direct or indirect
pecuniary or financial interest in any investment to be acquired or disposed of by us or in any transaction to which we are a party or
have an interest. In fact, we may enter into a Business Combination with a target business that is affiliated with our Initial Shareholders,
our directors or officers. Nor do we have a policy that expressly prohibits any such persons from engaging for their own account in business
activities of the types conducted by us. Accordingly, such persons or entities may have a conflict between their interests and ours.

42

We
may engage in a Business Combination with one or more target businesses that have relationships with entities that may be affiliated
with our Initial Shareholders, officers, directors or existing holders which may raise potential conflicts of interest.

In
light of the involvement of our Initial Shareholders, officers and directors with other entities, we may decide to acquire one or more
businesses affiliated with our Initial Shareholders, officers and directors. Our officers and directors also serve as officers and board
members for other entities. Such entities may compete with us for Business Combination opportunities. Although we will not be specifically
focusing on, or targeting, any transaction with any affiliated entities, we would pursue such a transaction if we determined that such
affiliated entity met our criteria for a Business Combination and such transaction was approved by a majority of our independent directors.
Despite our agreement to obtain an opinion from an independent investment banking firm or another independent firm that commonly renders
valuation opinions for the type of company we are seeking to acquire or an independent accounting firm, regarding the fairness to our
Company from a financial point of view of a Business Combination with one or more domestic or international businesses affiliated with
our Initial Shareholders, officers or directors, potential conflicts of interest still may exist and, as a result, the terms of the Business
Combination may not be as advantageous to our Public Shareholders as they would be absent any conflicts of interest.

Our
management may not be able to maintain control of a target business after our initial Business Combination. We cannot provide assurance
that, upon loss of control of a target business, new management will possess the skills, qualifications or