Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 110

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 110
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 we are
unable to effect our initial Business Combination by the deadline, we will be forced to liquidate.

We are a blank check company,
and as we have no operating history and are subject to a mandatory liquidation and subsequent dissolution requirement. As of December
31, 2024, $61,037 was available to us outside the Trust Account to fund our working capital requirements. Although the Company plans to
complete an initial Business Combination within the Combination Period, there can be no assurance that the Company will be able to consummate
an initial Business Combination by such date. If a Business Combination is not consummated by up to March 3, 2026, there will be a mandatory
liquidation and subsequent dissolution of the Company. Further, the Company has incurred and expects to continue to incur significant
costs in pursuit of its financing and acquisition plans. If the Company’s estimates of the costs of identifying a target business,
undertaking in-depth due diligence, and negotiating a Business Combination are less than the actual amount necessary to do so, the Company
may have insufficient funds available to operate its business prior to an initial business combination. The liquidation deadline for the
Company is also within the next twelve months if an initial Business Combination is not consummated. The Company cannot assure that its
plans to consummate an initial Business Combination will be successful.

As a result of the above, in connection
with the Company’s assessment of going concern considerations in accordance with Accounting Standards Update (“ASU”)
2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined
that the liquidity conditions raise substantial doubt about the Company’s ability to continue as a going concern through approximately
one year from the date of filing. These financial statements do not include any adjustments relating to the recovery of the recorded assets
or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

If the Company is unable to consummate
an initial Business Combination by the end of the Combination Period, it will (i) cease all operations except for the purpose of winding
up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the
Trust Account, less taxes payable up to $100,000 of interest