Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 1192

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 1192
---
 the individuals is deemed a beneficial owner of the entity’s
    securities. This is the situation with regard to VMCA Sponsor, LLC. Based on the foregoing, no director exercises voting or dispositive
    control over any of the securities held by VMCA Sponsor, LLC. Accordingly, none of them are deemed to have or share beneficial ownership
    of such shares and, for the avoidance of doubt, each has expressly disclaimed any such beneficial interest to the extent of any pecuniary
    interest he may have therein, directly or indirectly. Each of our officers, directors and advisors is, directly or indirectly, a
    member of our Sponsor.

    (4)
    According
    to a Schedule 13G filed by Meteora Capital, LLC (“Meteora Capital”) and Vikas Mittal with the SEC on February 14, 2025
    with respect to the Class A ordinary shares held by certain funds and managed accounts to which Meteora Capital serves as investment
    manager (the “Meteora Funds”). Mr. Mittal serves as the managing member of Meteora Capital with respect to the Class
    A Ordinary Shares held by the Meteora Funds. Meteora Capital and Mr. Mittal each disclaims beneficial ownership over such shares
    except to the extent of its or his pecuniary interest therein. The principal business address for each Meteora Capital, LLC and Vik
    Mittal is 1200 N Federal Hwy, #200, Boca Raton FL 33432.

70

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

Founder
Shares

The
Founder Shares are identical to the Public Shares, and holders of Founder Shares have the same shareholder rights as Public Shareholders,
except that (i) holders of the Founder Shares have the right to vote on the appointment of our directors prior to our initial Business
Combination, (ii) the Founder Shares are subject to certain transfer restrictions, as described in more detail below, and (iii) our Initial
Shareholders, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed (A) to waive their
redemption rights with respect to their Founder Shares and Public Shares in connection with the completion of our initial Business Combination
and (B) to waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares if we fail to
complete our initial Business Combination within