Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 50

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 50
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 a shareholder vote to amend our Articles (A) to modify the substance or timing of
our obligation to provide for the redemption of our Public Shares in connection with an initial Business Combination or to redeem 100%
of our Public Shares if we do not complete our initial Business Combination within the Combination Period, or (B) with respect to any
other material provision relating to the rights of Public Shareholders and (iii) the redemption of all of our Public Shares if we are
unable to complete our initial Business Combination within the Combination Period, subject to applicable law and as further described
herein. In no other circumstances will a Public Shareholder have any right or interest of any kind in the Trust Account. Holders of Public
Warrants will not have any right to the proceeds held in the Trust Account with respect to the Public Warrants. Accordingly, to liquidate
your investment, you may be forced to sell your Public Shares or Public Warrants, potentially at a loss.

You
will not be entitled to protections normally afforded to investors of many other blank check companies.

Since
the net proceeds of the IPO and the sale of the Private Placement Warrants are intended to be used to complete an initial Business Combination
with a target business that has not been identified, we may be deemed to be a “blank check” company under the United States
securities laws. However we are exempt from rules promulgated by the SEC to protect investors in blank check companies, such as Rule
419.

Accordingly,
investors will not be afforded the benefits or protections of those rules. Among other things, this means we have a longer period of
time to complete our initial Business Combination than do companies subject to Rule 419. Moreover, if the IPO were subject to Rule 419,
that rule would prohibit the release of any interest earned on funds held in the Trust Account to us unless and until the funds in the
Trust Account were released to us in connection with our completion of an initial Business Combination.

If
the net proceeds of the IPO and the sale of Private Placement Warrants not being held in the Trust Account are insufficient to allow
us to operate for at least the Combination Period, we may be unable to complete our initial Business Combination.

As
of December 31, 2024, $61,037 was available to us outside the Trust Account to fund our working capital requirements. While we believe
that such funds, together with funds available from loans from our Sponsor, its affiliates, or our management team, will be