Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 224

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 224
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 disadvantages compared to our competitors who have less debt.

We
may only be able to complete one Business Combination with the proceeds of the IPO and the sale of the Private Placement Warrants, which
will cause us to be solely dependent on a single business which may have a limited number of products or services. This lack of diversification
may negatively impact our operations and profitability.

Of
the net proceeds from the IPO and the sale of the Private Placement Warrants, following redemptions made in connection with our extensions
and Contributions and New Contributions, $22,206,637 will be available to complete our Business Combination and pay related fees and
expenses (which includes $8,105,480 for the payment of deferred underwriting commissions).

37

We
may effectuate our initial Business Combination with a single target business or multiple target businesses simultaneously or within
a short period of time. However, we may not be able to effectuate our initial Business Combination with more than one target business
because of various factors, including the existence of complex accounting issues and the requirement that we prepare and file pro forma
financial statements with the SEC that present operating results and the financial condition of several target businesses as if they
had been operated on a combined basis. By completing our initial Business Combination with only a single entity our lack of diversification
may subject us to numerous economic, competitive and regulatory risks. Further, we would not be able to diversify our operations or benefit
from the possible spreading of risks or offsetting of losses, unlike other entities which may have the resources to complete several
business combinations in different industries or different areas of a single industry. Accordingly, the prospects for our success may
be:

    ●
    solely
    dependent upon the performance of a single business, property or asset; or

    ●
    dependent
    upon the development or market acceptance of a single or limited number of products, processes or services.

This
lack of diversification may subject us to numerous economic, competitive and regulatory risks, any or all of which may have a substantial
adverse impact upon the particular industry in which we may operate subsequent to our initial Business Combination.

We
may attempt to simultaneously complete Business Combinations with multiple prospective targets, which may hinder our ability to complete
our initial Business Combination and give rise to increased costs and risks that could negatively impact our operations and profitability.

If
we determine to simultaneously acquire several businesses that are owned by different sellers, we will need for each of such sellers
to agree that