Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 200

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 200
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 would redeem its Public Shares and liquidate.

Our
search for a Business Combination, and any target business with which we may ultimately consummate a Business Combination, may be materially
adversely affected by difficult market and geopolitical conditions.

The
United States and global markets are experiencing volatility and disruption resulting from, among other things, the ongoing geopolitical tensions and conflict from the Russian-Ukraine war and Israel-Hamas conflict. These conflicts and the resulting measures that have been taken,
and could be taken in the future, by NATO, the United States, the United Kingdom, the European Union and other countries have created
global security concerns that could have a lasting impact on regional and global economies. 

In addition, concerns over potential increases in inflation, economic recession, as well as interest rate volatility and fluctuations
in commodity prices, have exacerbated market volatility. Market uncertainty and volatility have also been magnified as a result actual
and potential shifts in U.S. and foreign trade, economic and other policies, including with respect to treaties and tariffs.

Any
such events may cause significant volatility and declines in the global markets, disproportionate impacts to certain industries or sectors,
disruptions to commerce (including to economic activity, travel and supply chains), loss of life and property damage, and may adversely
affect the global economy or capital markets, and the business of any potential target with which we may consummate a Business Combination
could be materially and adversely affected. In addition, our ability to consummate a transaction may be dependent on the ability to raise
equity and debt financing which may be impacted by these and other events, including as a result of increased market volatility, decreased
market liquidity in third-party financing being unavailable on terms acceptable to us or at all.

26

If
we seek shareholder approval of our initial Business Combination, our Sponsor, directors and officers and their affiliates may elect
to purchase Public Shares or Public Warrants from shareholders, which may reduce the public “float” of the Class A ordinary
shares and Public Warrants.

If
we seek shareholder approval of our initial Business Combination and we do not conduct redemptions in connection with our initial Business
Combination pursuant to the tender offer rules, our Sponsor, directors and officers, and their affiliates may purchase Public Shares
or Public Warrants in privately negotiated transactions or in the open market prior to the completion of an initial Business Combination,
although they are under no obligation to do so. There is no limit on the number of Public Shares or Public Warrants our Sponsor, the
direct