Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 234

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 234
---
light of the involvement of our Initial Shareholders, officers and directors with other entities, we may decide to acquire one or more
businesses affiliated with our Initial Shareholders, officers and directors. Our officers and directors also serve as officers and board
members for other entities. Such entities may compete with us for Business Combination opportunities. Although we will not be specifically
focusing on, or targeting, any transaction with any affiliated entities, we would pursue such a transaction if we determined that such
affiliated entity met our criteria for a Business Combination and such transaction was approved by a majority of our independent directors.
Despite our agreement to obtain an opinion from an independent investment banking firm or another independent firm that commonly renders
valuation opinions for the type of company we are seeking to acquire or an independent accounting firm, regarding the fairness to our
Company from a financial point of view of a Business Combination with one or more domestic or international businesses affiliated with
our Initial Shareholders, officers or directors, potential conflicts of interest still may exist and, as a result, the terms of the Business
Combination may not be as advantageous to our Public Shareholders as they would be absent any conflicts of interest.

Our
management may not be able to maintain control of a target business after our initial Business Combination. We cannot provide assurance
that, upon loss of control of a target business, new management will possess the skills, qualifications or abilities necessary to profitably
operate such business.

We
may structure a Business Combination so that the post-transaction company in which our Public Shareholders own shares will own less than
100% of the equity interests or assets of a target business, but we will only complete such Business Combination if the post-transaction
company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest
in the target sufficient for us not to be required to register as an investment company under the Investment Company Act. We will not
consider any transaction that does not meet such criteria. Even if the post-transaction company owns 50% or more of the voting securities
of the target, our shareholders prior to the Business Combination may collectively own a minority interest in the post-Business Combination
company, depending on valuations ascribed to the target and us in the Business Combination transaction. For example, we could pursue
a transaction in which we issue a substantial number of new ordinary shares in exchange for all of the issued and outstanding capital
stock, shares or other equity interests of a target