Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 217

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 217
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, or their respective affiliates. In the event the aggregate cash consideration
we would be required to pay for all ordinary shares that are validly submitted for redemption plus any amount required to satisfy cash
conditions pursuant to the terms of the proposed Business Combination exceed the aggregate amount of cash available to us, we will not
complete the Business Combination or redeem any shares, all ordinary shares submitted for redemption will be returned to the holders
thereof, and we instead may search for an alternate Business Combination.

In
order to effectuate an initial Business Combination, blank check companies have, in the recent past, amended various provisions of their
charters and modified governing instruments. We cannot assure you that we will not seek to further amend our Articles or governing instruments
in a manner that will make it easier for us to complete our initial Business Combination that our shareholders may not support.

In
order to effectuate a business combination, blank check companies have, in the past, amended various provisions of their charters and
modified governing instruments. For example, blank check companies have amended the definition of business combination, increased redemption
thresholds and extended the period of time in which it had to consummate a business combination. We cannot assure you that we will not
seek to further amend our Articles or governing instruments or to further extend the time in which we have to consummate a Business Combination
through amending our Articles, such actions will require at least a special resolution of our shareholders as a matter of Cayman Islands
law, which requires the affirmative vote of a majority of at least two-thirds of the shareholders who attend and vote at a general meeting
of the Company, and amending our warrant agreement will require a vote of holders of at least a majority of the number of the then outstanding
Public Warrants and, solely with respect to any amendment to the terms of the Private Placement Warrants or any provision of the warrant
agreement with respect to the Private Placement Warrants, a majority of the number of the then outstanding Private Placement Warrants
(except for provisions of the warrant agreement enabling amendments without shareholder or warrant holder approval that are necessary
in the good faith determination of our Board of Directors (taking into account then existing market precedents) to allow for the warrants
to be classified as equity in our financial statements). In addition, our Articles require us to provide our Public Shareholders with
the opportunity to redeem their Public Shares for cash if we propose an amendment to our Articles (A) to modify the substance or timing
of our obligation