Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 156

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 156
---
3 
     —  
    $—  
     5,502,490  
    $550  
    $—  
    $(11,894,322) 
    $  (11,893,772)
  
    Balance  
     —  
    $—  
     5,502,490  
    $550  
    $—  
    $(11,894,322) 
    $  (11,893,772)

     —  
     —  

    Accretion of Class A ordinary shares subject to possible redemption 
     —  
     —  
     —  
     —  
     —  
     (2,844,679) 
     (2,844,679)

    Conversion of Class B ordinary shares to Class A ordinary shares 
     5,502,488  
     550  
     (5,502,488) 
     (550) 
     —  
     —  
     — 

    Net income 
     —  
     —  
     —  
     —  
     —  
     2,403,129  
     2,403,129 

    Balance as of December 31, 2024 
     5,502,488  
    $550  
     2  
    $—  
    $—  
    $(12,335,872) 
    $(12,335,322)
  
    Balance 
     5,502,488  
    $550  
     2  
    $—  
    $—  
    $(12,335,872) 
    $(12,335,322)

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

F-5

VALUENCE
MERGER CORP. I

STATEMENTS
OF CASH FLOWS

    2024  
    2023 

    For the Year Ended December 31, 

    2024  
    2023 
  
    Cash Flows from Operating Activities: 

    Net income 
    $2,403,129  
    $4,771,471 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Interest