Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 307

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 307
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037  
    $684,816 
  
    Prepaid expenses 
     48,474  
     78,070 
  
    Total current assets 
     109,511  
     762,886 

    Cash and investments held in Trust Account 
     22,206,637  
     69,402,338 
  
    TOTAL ASSETS 
    $22,316,148  
    $70,165,224 

    LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT 

    Current liabilities 

    Accrued expenses and accounts payable 
    $766,821  
    $2,228,646 
  
    Advances from related party 
     1,008,384  
     198,384 
  
    Convertible promissory notes - sponsor 
     913,207  
     613,207 
  
    Convertible promissory note - related party 
     1,650,941  
     1,650,941 
  
    Convertible promissory note 
     1,650,941  
     1,650,941 

    Total current liabilities 
     4,339,353  
     4,691,178 

    Deferred underwriting fees 
     8,105,480  
     8,105,480 
  
    TOTAL LIABILITIES 
     12,444,833  
     12,796,658 

    Commitments and Contingencies 
     -  
     - 

    Class A ordinary shares subject to possible redemption, $0.0001 par value; 1,867,402 and 6,210,718 shares at redemption value of $11.89 and $11.15 per share at December 31, 2024 and 2023, respectively 
     22,206,637  
     69,262,338 

    SHAREHOLDERS’ DEFICIT 

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at December 31, 2024 and 2023 
     —  
     — 
  
    Class A ordinary shares, $0.0001 par value; 180,000,000 shares authorized; 5,