Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 26

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 26
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 acknowledgement that such shareholder,
although still the record holder of our Public Shares is no longer the beneficial owner thereof and therefore agrees not to exercise
its redemption rights. We will adopt an insider trading policy which will require insiders to: (i) refrain from purchasing shares during
certain blackout periods and when they are in possession of any material non-public information and (ii) to clear all trades with our
legal counsel prior to execution. We cannot currently determine whether our insiders will make such purchases pursuant to a Rule 10b5-1
plan, as it will be dependent upon several factors, including but not limited to, the timing and size of such purchases. Depending on
such circumstances, our insiders may either make such purchases pursuant to a Rule 10b5-1 plan or determine that such a plan is not necessary.

16

In
the event that our Initial Shareholders, directors, officers or advisors, or their respective affiliates purchase Public Shares in privately
negotiated transactions from Public Shareholders who have already elected to exercise their redemption rights, such selling shareholders
would be required to revoke their prior elections to redeem their Public Shares. We do not currently anticipate that such purchases,
if any, would constitute a tender offer subject to the tender offer rules under the Exchange Act or a going-private transaction subject
to the going-private rules under the Exchange Act; however, if the purchasers determine at the time of any such purchases that the purchases
are subject to such rules, the purchasers will comply with such rules. Any such purchases will be reported pursuant to Section 13 and
Section 16 of the Exchange Act to the extent such purchasers are subject to such reporting requirements. Further, to the extent any Public
Shares are so purchased by our Sponsor, Initial Shareholders, directors, officers, advisors or their affiliates, such shares must (a)
be purchased at a price no higher than the redemption price paid for our Public Shares, which as of December 31, 2024 was estimated to
be $11.89 per share and (b) not be (i) voted by such holders or their respective affiliates in favor of approving the initial Business
Combination, or (ii) redeemable by such holders or their respective affiliates. See the risk factor entitled “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 our Class A ordinary shares or Public W