Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 64

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 64
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 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 to allow redemption in connection with our initial Business Combination or to redeem 100% of our Public Shares if we
do not complete an initial Business Combination within the Combination Period or any further extensions or (B) with respect to any other
material provisions relating to the rights of Public Shareholders.

We
may reincorporate in another jurisdiction in connection with our initial Business Combination, and the laws of such jurisdiction may
govern some or all of our future material agreements and we may not be able to enforce our legal rights.

In
connection with our initial Business Combination, we may relocate the home jurisdiction of our business from the Cayman Islands to another
jurisdiction. If we determine to do this, the laws of such jurisdiction may govern some or all of our future material agreements. The
system of laws and the enforcement of existing laws in such jurisdiction may not be as certain in implementation and interpretation as
in the United States. The inability to enforce or obtain a remedy under any of our future agreements could result in a significant loss
of business, business opportunities or capital.

34

The
provisions of our Articles that relate to our pre-initial Business Combination activity (and corresponding provisions of the agreement
governing the release of funds from our Trust Account), may be amended with the approval of holders of at least two-thirds of our ordinary
shares who attend and vote in a general meeting, which is