Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 59

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 59
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acquiring and growing businesses for the long term (rather than buying and selling businesses in the manner of a merchant bank or private
equity fund or investing in assets for the purpose of achieving investment returns on such assets), we intend to avoid being deemed an
“investment company” within the meaning of the Investment Company Act. Further, investing in our securities is not intended
for persons who are seeking a return on investments in government securities or investment securities. Instead, the Trust Account is
intended as a holding place for funds pending the earliest to occur of either: (i) the completion of our initial Business Combination;
(ii) the redemption of any Public Shares properly submitted in connection with a shareholder vote to amend 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 our initial Business Combination within the Combination Period or (B) with respect to any other
material provisions relating to the rights of Public Shareholders; or (iii) absent an initial Business Combination within the Combination
Period, our return of the funds held in the Trust Account to our Public Shareholders as part of our redemption of the Public Shares.
If we do not invest the proceeds as described above, we may be deemed to be subject to the Investment Company Act.

If
we were deemed to be an investment company for purposes of the Investment Company Act, we would need to register as such under the Investment
Company Act and compliance with these additional regulatory burdens would require additional expenses for which we have not allotted
funds and may hinder our ability to complete a Business Combination. We may also be forced to abandon our efforts to complete an initial
Business Combination and instead be required to liquidate the Trust Account. In which case, our investors would not be able to realize
the benefits of owning shares in a successor operating business, including the potential appreciation in the value of our securities
following such a transaction. For illustrative purposes, in connection with the liquidation of our Trust Account, our Public Shareholders
may receive approximately $11.89 per Public Share, which is based on estimates as of December 31, 2024, or less in certain circumstances.
There will be no liquidating distributions with respect to our warrants.

Because
we are not limited to a particular industry or any specific target businesses with which to pursue our initial Business Combination,
you will be unable to ascertain the merits or risks of any particular target business’s