Company: VMCWF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010983
Chunk: 1

Company: Valuence Merger Corp. I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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    Class A ordinary shares, $0.0001 par value; 180,000,000 shares authorized; 5,502,488 shares issued or outstanding (excluding 1,867,402 shares subject to possible redemption) as of March 31, 2025 and December 31, 2024 
     550  
     550 
  
    Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 2 shares issued and outstanding as of March 31, 2025 and December 31, 2024 
     —  
     — 
  
    Common Stock Value 
     —  
     — 

    Additional paid-in capital 
     —  
     — 
  
    Accumulated deficit 
     (12,548,266) 
     (12,335,872)
  
    TOTAL SHAREHOLDERS’ DEFICIT 
     (12,547,716) 
     (12,335,322)
  
    TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT 
    $22,513,195  
    $22,316,148 

The
accompanying notes are an integral part of these unaudited condensed financial statements.

1

VALUENCE
MERGER CORP. I

UNAUDITED
CONDENSED STATEMENTS OF OPERATIONS

    2025  
    2024 

    For the Three Months Ended March 31, 

    2025  
    2024 

    General and administrative expenses 
    $277,371  
    $257,469 
  
    Recoveries of previously incurred general and administrative expenses 
     (121,000) 
     - 
  
    Loss from operations 
     (156,371) 
     (257,469)

    Other income: 

    Interest earned on cash and investments held in trust account 
     181,347  
     846,150 
  
    Total other income 
     181,347  
     846,150 

    Net income 
    $24,976  
    $588,681 

    Weighted average shares outstanding of Class A redeemable ordinary shares 
     1,867,402  
     6,210,718