Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 1388

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 1388
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2024 Note, which was outstanding as of December 31, 2024.

72

Registration
Rights

Pursuant
to a registration rights agreement entered into on February 28, 2022, the holders of the Founder Shares, Private Placement Warrants and
any warrants that may be issued upon conversion of Working Capital Loans (and any Class A ordinary shares issuable upon the exercise
of the Private Placement Warrants and warrants that may be issued upon conversion of the Working Capital Loans) will be entitled to registration
rights. The holders of these securities will be entitled to make up to three demands, excluding short form demands, that the Company
register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration
statements filed subsequent to the completion of a Business Combination. The registration rights agreement does not contain liquidating
damages or other cash settlement provisions resulting from delays in registering the Company’s securities. The Company will bear
the expenses incurred in connection with the filing of any such registration statements.

ITEM
14. PRINCIPAL ACCOUNTING FEES AND SERVICES.

The
firm of WithumSmith+Brown, PC (“Withum”) acts as our independent registered public accounting firm. The following is a summary
of fees paid to Withum for services rendered.

Audit
Fees. During the year ended December 31, 2024 and 2023, fees for our independent registered public accounting firm were approximately
$96,720 and $98,800, respectively, for the services Withum performed in connection with our Initial Public Offering, quarterly filings
and the audit of our December 31, 2024 and 2023 financial statements included in this Annual Report.

Audit-Related
Fees. For the year ended December 31, 2024 and 2023, we did not pay Withum any audit-related fees.

Tax
Fees. We did not pay Withum for tax services, planning or advice for the year ended December 31, 2024 and 2023.

All
Other Fees. We did not pay Withum for other service for the year ended December 31, 2024 and 2023.

Pre-Approval
Policy

Our
audit committee was formed upon the consummation of our Initial Public Offering. As a result, the audit committee did not pre-approve
all of the foregoing services, although any services rendered prior to the formation of our audit committee were approved by our Board
of