Company: VMCWF
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023515
Chunk: 1

Company: Valuence Merger Corp. I
Filing Date: 2025-11-14
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 September 30, 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 September 30, 2025 and December 31, 2024 
     —  
     — 
  
    Common
    Stock value 
     —  
     — 

    Additional paid-in capital 
     —  
     — 
  
    Accumulated deficit 
     (12,874,510) 
     (12,335,872)
  
    TOTAL SHAREHOLDERS’ DEFICIT 
     (12,873,960) 
     (12,335,322)
  
    TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT 
    $23,053,330  
    $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  
    2025  
    2024 

    For the Three Months Ended September 30,  
    For the Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 

    General and administrative expenses 
    $82,467  
    $203,143  
    $486,454  
    $926,412 
  
    Recoveries of previously incurred costs 
     (50,905) 
     —  
     (171,905) 
     — 
  
    Loss from operations 
     (31,562) 
     (203,143) 
     (314,549) 
     (926,412)

    Other income: 

    Interest earned on cash and investments held in Trust Account