Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 257

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 257
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 or prohibit our use of the proceeds of the IPO to finance our businesses and operations in the relevant jurisdiction; or

    ●
    impose
    conditions or requirements with which we or the potential future target business may not be able to comply.

If
our management following our initial Business Combination is unfamiliar with United States securities laws, they may have to expend time
and resources becoming familiar with such laws, which could lead to various regulatory issues.

Following
our initial Business Combination, any or all of our management team could resign from their positions as officers of our Company, and
the management of the target business at the time of the Business Combination will remain in place. Management of the target business
may not be familiar with United States securities laws. If new management is unfamiliar with United States securities laws, they may
have to expend time and resources becoming familiar with such laws. This could be expensive and time-consuming and could lead to various
regulatory issues which may adversely affect our operations.

After
our initial Business Combination, substantially all of our assets may be located in a foreign country and substantially all of our revenue
will be derived from our operations in such country. Accordingly, our results of operations and prospects will be subject, to a significant
extent, to the economic, political and legal policies, developments and conditions in the country in which we operate.

The
economic, political and social conditions, as well as government policies, of the country in which our operations are located could affect
our business. We will not pursue or consummate our initial Business Combination with any entity with its principal business operations
in China, Hong Kong or Macau. Economic growth could be uneven, both geographically and among various sectors of the economy and such
growth may not be sustained in the future. If in the future such country’s economy experiences a downturn or grows at a slower
rate than expected, there may be less demand for spending in certain industries. A decrease in demand for spending in certain industries
could materially and adversely affect our ability to find an attractive target business with which to consummate our initial Business
Combination and if we effect our initial Business Combination, the ability of that target business to become profitable.

54

Exchange
rate fluctuations and currency policies may cause a target business’ ability to succeed in the international markets to be diminished.

In
the event we acquire a non-U.S. target, all revenues and income would likely be received in a foreign currency, and the dollar equivalent
of our net assets and distributions, if any,