Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 230

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 230
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 following our initial Business Combination, it is likely that some or all of the
management of the target business will remain in place. While we intend to closely scrutinize any individuals we engage after our initial
Business Combination, we cannot assure you that our assessment of these individuals will prove to be correct. These individuals may be
unfamiliar with the requirements of operating a company regulated by the SEC, which could cause us to have to expend time and resources
helping them become familiar with such requirements.

We
are dependent upon our officers and directors and their departure could adversely affect our ability to operate.

Our
operations are dependent upon a relatively small group of individuals and, in particular, Sung Yoon Woo, our Chief Executive Officer;
Sungwoo (Andrew) Hyung, our Chief Financial Officer; Sungsik (Sung) Lee, our President; Gene Young Cho, our Chief Operating Officer;
and our directors. We believe that our success depends on the continued service of our officers and directors, at least until we have
completed our initial Business Combination. In addition, our officers and directors are not required to commit any specified amount of
time to our affairs and, accordingly, will have conflicts of interest in allocating management time among various business activities,
including identifying potential Business Combinations and monitoring the related due diligence. We do not have an employment agreement
with, or key-man insurance on the life of, any of our directors or officers. The unexpected loss of the services of one or more of our
directors or officers could have a detrimental effect on us.

Since
our Initial Shareholders, executive officers and directors will lose their entire investment in us if our initial Business Combination
is not completed, a conflict of interest may arise in determining whether a particular target is appropriate for our initial Business
Combination.

The
Sponsor and our Company’s officers and directors have interests that may be different from, or in addition to, the Public Shareholders’
interests. For example:

    ●
    If
    we do not consummate a Business Combination and we liquidate, the 5,502,490 Founder Shares held by the Sponsor will be worthless,
    as the Sponsor has waived liquidation rights with respect to such shares, as will the 2,666,667 Private Placement Warrants held by
    the Sponsor and 4,000,000 Private Placement Warrants held by Valuence Partners LP. The Sponsor and Valuence Partners LP purchased
    the Founder Shares for an aggregate purchase