Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 32

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 32
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 our Articles to further extend the Combination
Period to up to March 3, 2026 provided that we deposit the New Contribution. Our Public Shareholders will not be entitled to vote on,
or redeem their shares in connection with, any such extension. In connection with, any such Additional Extended Date, the Sponsor or
its designees is required deposit into the Trust Account a Contribution. As of the date of this Annual Report, the Contributors have
made an aggregate of $560,110 of Contributions and New Contributions. The maximum aggregate amount of Contributions and New Contributions
will be $868,231. We have until April 3, 2025 to complete our initial Business Combination, which can be extended monthly until up to
March 3, 2026.

19

If
we are unable to complete our initial Business Combination within the Combination Period, we will: (i) cease all operations except for
the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public
Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest
(less up to $100,000 of interest to pay dissolution expenses and net of taxes payable) divided by the number of then outstanding Public
Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive
further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of our remaining shareholders and our Board of Directors, liquidate and dissolve, subject in each case to our
obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. There will be no
redemption rights or liquidating distributions with respect to our warrants if we fail to complete our initial Business Combination within
the Combination Period.

Our
Initial Shareholders, officers and directors have entered into a letter agreement with us, pursuant to which they have waived their rights
to liquidating distributions from the Trust Account with respect to their Founder Shares if we fail to complete our initial Business
Combination within the Combination Period. However, if our Initial Shareholders acquire Public Shares after the IPO, they will be entitled
to liquidating distributions from the Trust Account with respect to such Public Shares if we fail to complete our initial Business Combination
within the Combination Period.

Our
Initial Shareholders, officers and